Coinlab, BitPay, Coinbase, BitInstant execs offer startup how-tos #Bitcoin2013
What's life like for a bitcoin startup? A panel of entrepreneurs -- including Peter Vessenes, founder and CEO of Coinlab. Fred Ehrsam, co-founder of Coinbase. Anthony Gallippi, co-founder and CEO of BitPay; and Charlie Shrem, co-founder and CEO of BitInstant -- tackled that topic during a panel discussion Sunday at Bitcoin 2013. Part how-to on getting early-stage investors, part peek into the life of bitcoin business, the conversation was moderated by Mark Edge, a host with the call-in radio show Free Talk Live. The audience was about one-third entrepreneurs hoping to get funding, with a....
Related News
The partnership between CoinLab and MtGox that had been met with great fanfare when it was first announced at the end of February has now rapidly turned sour, as Coinlab opened a lawsuit against MtGox seeking $75 million in damages. The original plan had been for Coinlab to take over all of MtGox's operations in Canada and the United States, using its business relationships and marketing experience, as well as a local banking presence, to better provide for North American customers while still using MtGox's technical infrastructure and leveraging the company's established brand. The....
During the lunch hour at Bitcoin 2013, Tony Rousmaniere of Fairbanks, Alaska, walked up to the BitPay booth and asked to buy a few copies of Bitcoin Magazine. "We only take bitcoin," warned BitPay CEO Tony Gallippi. The transaction's first hurdle had arisen: Rousmaniere keeps his bitcoins on a USB drive, not in an online account that could be easily accessed with his smartphone. He considers going to the ATM being demo'd at the show to change dollars into bitcoins. Instead, a friend offers to pay for the magazine with his Coinbase account, telling Rousmaniere he can pay him back later.....
Bitcoin business incubator CoinLab has been ordered by a court in New York to pay BitInvestment LLC in bitcoin on the grounds of breach of contract. In a lawsuit file last week, BitInvestment alleged that CoinLab failed to come through with approximately 8,000 BTC in an arrangement made in August. Judge Robert W. Sweet demanded CoinLab not transmit bitcoin to any other parties except BitInvestment, until their financial obligation under the agreement was met. CoinLab head honcho Peter Vessenes said, "of course we will comply (with the judge's order) as well as we're able," in an email to....
Some more bad news for startup incubator CoinLab: it's been ordered by a judge to pay up - in bitcoin - to Bitvestment Partners LLC, who sued them just last week for breach of contract. Bitvestment claimed CoinLab "wasn't living up to its obligation to provide 8,000 bitcoins" under an arrangement the two firms made in August. In ordering CoinLab to pay the contracted amount, Judge Robert W. Sweet of the US district court for the southern district of New York also blocked them from providing bitcoins to any other parties until it meets its obligations. As well as the 8,000 BTC....
The venture-backed bitcoin company CoinLab is taking the Japan-based Mt. Gox exchange to court for breach of contract. Mt. Gox and CoinLab, headquartered in Seattle, entered into an agreement in November 2012 regarding bitcoin purchase, sale and exchange services for customers in the US and Canada. Under the agreement, CoinLab was to provide Mt. Gox with financial and investment partnerships in the US. In return, Mt. Gox agreed to have CoinLab handle all of its North American bitcoin transactions. In its complaint, filed Thursday in US District Court in Washington state, CoinLab alleges....