Peter Thiel & Founders Fund lead $2 Million funding round in BitPay
Peter Thiel's Founders Fund is leading a group of investors into funding the merchant services firm BitPay. BitPay, which offers corporate Bitcoin services, said it had not been looking for funding but the opportunity was too good to turn down. BitPay founder and CEO Tony Gallippi said: "We raised seed funding in January and February and still had some left so we weren't looking for money. They approached us, which was a nice surprise because we'd heard that they'd got as far as due diligence with another company in this space. We were really impressed with their experience and energy."....
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Atlanta-based bitcoin merchant processor BitPay has officially raised $30m in Series A funding in the largest-ever financing round for a bitcoin company. The round was led by Index Ventures, and included Yahoo founder Jerry Yang's AME Cloud Ventures, Felicis Ventures, PayPal founder Peter Thiel's Founders Fund, Horizons Ventures, RRE Ventures, Virgin Galactic's Sir Richard Branson and TTV Capital. As part of the deal, Index Ventures' Jan Hammer and noted bitcoin ecosystem investor Jimmy Furland will join BitPay's Board of Directors. Rapid growth. In an interview with CoinDesk, BitPay CEO....
Hello from the Bitcoin2014 Conference in sunny and windy (sorry about the audio!) Amsterdam. While more than 1,100 bitcoin enthusiasts were travelling to the Netherlands this week, other exciting news was still brewing in the bitcoin world. Here are three of the biggest headlines: BitPay raises $30m in Series A funding. Atlanta-based bitcoin merchant processor BitPay raised a record-breaking $30m in a funding round - the largest-ever for a company in the bitcoin space. In this funding round, BitPay was backed by a star-studded investor group, including Yahoo founder Jerry Yang's AME Cloud....
Billionaire tech investor Peter Thiel, whose Founder’s Fund invested in Bitcoin payment’s startup BitPay, recently gave $1.25 million to Republican candidate for President, Donald Trump, “through a combination of super PAC donations and funds given directly to the campaign.” As the New Yorker Magazine writes, Thiel’s willingness to show some seven-figure support for Trump at this late stage might signal that Thiel wants to stay in Trump’s circle even after the polls close and the votes are tallied. Widespread speculation holds that Trump (possibly with the help of his son-in-law Jared....
The idea of cryptocurrencies has been around for a while. Peter Thiel, a very famous venture capitalist, and hedge fund manager, gave a talk in 1999 that discussed the possibility of monetary sovereignty, and further, the possibility in rise of encrypted money. Last weekend at the Thiel Foundation Under 20 Summit in New York City, Thiel himself was asked about encrypted money.
During a discussion published on March 12, 2022, the billionaire entrepreneur and venture capitalist, Peter Thiel discussed how he built Paypal with fellow co-founders Max Levchin, David Sacks, and Luke Nosek. Toward the end of the hour-long conversation, the topic quickly turned to cryptocurrencies and Thiel stressed that his “biggest mistake” during the last ten years “was getting too late and too little into bitcoin.”
Paypal Co-Founder Peter Thiel Reveals the Biggest Mistake He’s Made in the Last Decade
Last week, the new book dubbed....