Silicon Valley VC Firm Ventures into Bitcoin Startups
Kleiner Perkins Caufield & Byers, a famous venture capitalist firm known for supporting many companies in Silicon Valley, has started to venture into bitcoin startups. It has started a new seed fund called Edge Fund which aims to provide investments of $250,000 to help selected startups with development, programming and recruiting. It has also added a bitcoin startup founder to its staff to help identify potential investment areas in emerging technologies including virtual reality, digital health and the blockchain. Roneil Rumburg, founder of the bitcoin and dogecoin transaction service....
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Kleiner Perkins Caufield and Byers (KPCB), a Silicon Valley venture capital firm best known for its investments in Google, AOL, Twitter, Uber and Amazon, has introduced a fund called the Edge Seed Fund, which is set to focus on helping early stage Bitcoin- and blockchain-based startups. The Edge fund, led by Kleiner Perkins partners Mike Abbott and Anjney Midha, plans to offer investments of $250,000 to support selected startups in developing and programming platforms, products and services. The $4 million fund will be operated by former Google product manager Ruby Lee, and the founder of....
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