500 Startups Funds Five Bitcoin Startups With $100k Each
California-based accelerator 500 Startups has announced it will fund five bitcoin companies in its latest batch of startups with $100,000 each. The bitcoin startups are part of 500's Batch 9 group - a total of 30 companies building business ideas over a period of four months at the accelerator. Sean Percival, who runs the incubator for this batch, says the funding will allow the bitcoin startups to really focus on product: "$100,000 for these companies is going to go a long way. For some of them it actually provides them a year of runway, so they don't have to go raise money and they can....
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