Venture Capitalists Still See Promise in Bitcoin Startups
Over 150 years later the gold rush is striking California again, this time for what some call digital gold, because of its limited supply, Bitcoin. Venture capitalists still see the promise in some Bitcoin businesses. The startup Vaurum received four million dollars in seed funding from Battery Ventures, Tim Draper, Steve Case and others. Vaurum is a Bitcoin startup from Palo Alto that enables "banks & brokerages to trade, store and offer bitcoin to their customers" so that they can run their own exchanges. Bitcoin continues to gain credibility, last week, Bloomberg started providing....
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It's the final day of Tribe 4's tenure in Boost VC's startup accelerator, and things have been busier than ever. The accelerator, perhaps most famous for its CEO Adam Draper's promise to fund 100 bitcoin startups by the end of 2017, has been housing 16 bitcoin startups in its San Mateo, California, headquarters since the beginning of July. The group, colloquially referred to as Tribe 4, has been gearing up for the startup world's equivalent of a graduation ceremony: Boost's Demo Day. Today, each of the startups will present a 3-4 minute pitch of their company to a room filled with hundreds....
The Consultancy report also mentions how blockchain technology adoption is subject to far more mental barriers compared to other offerings in the FinTech sector. The year 2015 has been a particularly good one for Bitcoin startups all over the world, as a lot of money was raised over the course of 12 months. A recent report by Consultancy in the Netherlands shows how FinTech, in general, has been booming last year, with close to US$19 bn invested in total. What is of particular interest is the US$474m venture capitalists put into Bitcoin and blockchain startups. After the significant growth....
Are you an investor who has come to this page while doing the due diligence for investing in Bitcoin? If you have come this far, I suggest that you read till the end. Even if you are not a VC or angel, you are still in the right place on the Internet, for I am about to add some perspectives that can help you make informed decisions towards investing in Bitcoin. More specifically - investing in Bitcoin Tech. Please note that Venture capital funding for Bitcoin based startups tripled in 2014, and 2015 is off to a phenomenal start. There are Venture Capitalists who invest in technology,....
Bitcoin Industry Venture Capitalists Shift Focus to Non-Financial Applications and Ethereum Startups
Last year, Bitcoin and blockchain-related startups raised over $1 billion in total investment, a massive increase from the $347 million invested in the space in 2014, according to a report by Inside Bitcoins. Companies such as 21 inc and Coinbase rasied $116 million and $75 million, respectively, dwarfing the relative investment into the early days of the Internet. Major companies such as American Express, Deloitte, Goldman Sachs, MasterCard and the New York Stock Exchange have invested millions into Bitcoin technology firms recently. Many banks are also getting on board and investing into....
For many years now, most of the funding in the Bitcoin world has come through venture capitalists. These wealthy individuals and firms bring not only money to the digital currency ecosystem, but also a wealth of expertise and a network of professional connections. But things are changing in the VC world, and the effects could very well shake up things in the Bitcoin industry as well. Up until a few months ago, most of the VC’s and investment firms were limited to a certain number of players, simply because there was very little competition. However, that situation has come to change, as....