Kleiner Perkins is Using Blockchain Tech to Incentivize its Founders
KPCB Edge has gone public with Edgecoin, a private blockchain project the investment firm will use to reward startup founders who help both KPCB and other portfolio members. With the formal launch, the early-stage investment firm, launched in June, will provide all its investors with an Edgecoin web wallet containing 10 edgecoins. As a first use case, founders who identify other entrepreneurs who they believe KPCB should invest in are able to spend their edgecoins as a way to signal their trust in that individual or team. KPCB Edge indicates that, following the transaction, it will set up....
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As one of the oldest and most established venture capital firms in the US, Kleiner Perkins Caufield & Byers (KPCB), has had a helping hand in mainstreaming technologies from IT to biotech since its founding in 1972. While Kleiner Perkins hasn't yet invested in a bitcoin or blockchain company, it's likely it will soon do so via its newest fund, KPCB Edge. The seed-stage investment firm, announced 16th June and launched with a $4m budget, will have blockchain technology as one of its six core areas of focus. Leading KPCB's exploration will be founding partner Anjney Midha, the firm's....
Kleiner Perkins Caufield & Byers, one of the oldest and most storied venture capital firms in Silicon Valley, has named a bitcoin startup founder to the staff of its new seed-stage fund. Called the Edge Fund, the early-stage operation will provide investments of $250,000 to help selected startups with development, programming and recruiting. Targets for the $4m fund reportedly include a full range of emerging technologies including virtual reality, digital health and the blockchain. According to The New York Times, the venture is the brainchild of Kleiner Perkins partners Anjney Midha and....
Align Commerce, San Francisco-based Blockchain payments processor announced the closure of a Series A funding round on Tuesday, November 17, with $12.5 million led by Kleiner Perkins. This marks the first time Venture Capital firm Kleiner Perkins Caufield & Byers (KPCB) has invested in a Bitcoin startup. Randy Komisar, KPCB general partner and co-founder of Claris Corp., who will also be joining Align’s board said: Align is a cross-border payments startup launched in January 2015 that allows its customers to use both traditional and blockchain financial opportunities for small and....
Kleiner Perkins Caufield and Byers (KPCB), a Silicon Valley venture capital firm best known for its investments in Google, AOL, Twitter, Uber and Amazon, has introduced a fund called the Edge Seed Fund, which is set to focus on helping early stage Bitcoin- and blockchain-based startups. The Edge fund, led by Kleiner Perkins partners Mike Abbott and Anjney Midha, plans to offer investments of $250,000 to support selected startups in developing and programming platforms, products and services. The $4 million fund will be operated by former Google product manager Ruby Lee, and the founder of....
With Blockchain being all the hype this year, Slush, Europe's leading startup event, turns the spotlight on the technology behind Bitcoin, making it one of its most notable themes in 2016. Taking place next week from Nov. 30 – Dec. 1 in Helsinki, Slush connects startups and tech talent with top-tier international investors, executives and media. Arielle Zuckerberg, partner at Kleiner Perkins Caufield & Byers (KPCB), one of the largest venture capital firms in Silicon Valley and one of the keynote speakers at Slush 2016, says: “I invested in a Helsinki-based startup before joining KPCB,....