BitAngels: $7 Million Invested in Bitcoin Startups Since 2013
BitAngels, the first international incubator focused exclusively on bitcoin start-ups, announced that it has invested $7m (roughly 8,200 BTC) in twelve different bitcoin startups since 2013. The startups feature some interesting names, including mining hardware company CoinTerra, bitcoin instant exchange Cash Into Coins, bitcoin layer MSC Protocol, payment platform GoCoin and Seasteading incubator Blueseed. The company said: "BitAngels have nearly $50m in bitcoins soft-circled by its now 324 angels across the globe ready to be invested in bitcoin startups." The BitAngels assembled at the....
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Startup incubator BitAngels announced today that it has invested somewhere on the order of $7 million (close to 7,000 BTC) in bitcoin-related start-up businesses since May of 2013. BitAngels has invested the funds into about 12 companies, of which include mining hardware manufacturer CoinTerra, instant bitcoin exchanger Cash Into Coins, and GoCoin. "It has been an incredible time for Bitcoin since the May 2013 Bitcoins show in San Jose, and it has been an even more incredible one for BitAngels," said David A. Johnston, who serves as Executive Director of the incubator. "Like the digital....
One time-tested measurement of an industry's promise is the amount of investment capital flowing into new ventures in the space, and now angel investor group BitAngels has closed a new fund that highlights the bright future of digital currencies and decentralised applications. Billed as the world's first "distributed veteran entrepreneur and angel investor group," BitAngels has been an active organization in the bitcoin community, having invested $7m into digital currency startups since its inception in 2013. BitAngels co-founders Michael Terpin and David Johnston sat down with CoinDesk at....
BitAngels, which is considered the largest bitcoin angels network, celebrated its second anniversary this week. The group was founded in an impromptu meeting during the Bitcoin Foundation's Bitcoin 2013 Conference, with co-founders Michael Terpin, David Johnston and Sam Yilmaz. The invitation was sent through a Reddit invite and at least 35 bitcoin enthusiasts attended, later on growing in size to around 60 members after a week. Today, over 500 investors make up BitAngels' decentralized global network. Bitcoin Angel Network Activities. "The spirit of discovery and camaraderie from those....
I recently had the pleasure of sitting down with David Johnston, the executive director of BitAngels, which is a network of investors that was sporadically formed a couple of weeks ago during a San Jose technology conference to create the first ever angel investment network for Bitcoin startups. David hopped on Skype with me after having just flown into Mountain View, California for the week, where he was staying at an AirBnB location he dubbed the "Zen Pad". "AirBnB is part of the share economy," he stated enthusiastically. "You rent out your place to travelers and they pay you like a....
Bitcoin payment processor GoCoin has raised $550,000 in venture capital to expand its operations. GoCoin's seed round was funded by a group of investors, most notably Owen Van Natta, a former Chief Operating Officer of Facebook who has also held positions at Amazon and Zynga. BitAngels, a distributed angel fund that has invested in a number of BTC-based startups, has also participated in the round. Founded in July 2013, GoCoin has been hard at work building a platform that will allow merchants to accept various virtual currencies. "GoCoin is currently a tight team of four full-time....