“Seven months ago, Fred Ehrsam pitched his bitcoin-based startup Coinbase to more than a dozen Silicon Valley investors. Ehrsam got more than a few blank stares. He spent most of his time explaining the concept of peer-to-peer currency, which is emerging as the world’s default platform for digital money, than he did describing his plans for the company itself. So, he and his co-founders turned to the Chinese, specifically, to IDG Ventures. To the Beijing-based venture capitalists, the PayPal-like service for buying, selling and accepting bitcoins was a perfect fit.”
Related posts:
Al-Qaida chief Ayman al-Zawahiri says U.S. behind coup against Mohamed Morsi
U.K. report on terrorism and Saudi Arabia 'too sensitive' to be made public
Fukushima appears to be leaking highly radioactive wastewater into ocean
Ron Paul: NSA's PRISM Is An Awakening Call
New Orleans replaces all public schools with charter schools
Vast Greek war claims against Germany explode like a 'time-bomb'
German spies win right to keep monitoring all traffic at world's biggest internet hub
Huntington’s gene therapy breakthrough may stop disease
Barclays Examines Possible Data Theft From 27,000 Customers
Politicians fear for safety as threats against Congress skyrocket
Police restrain crowd from taking food to be thrown away after supermarket eviction
Chicago Grandmother Killed by Police Was 'Being a Good Citizen'
Bitcoin Startup Investments Surpass $117 Million
Swiss Fort Knox: Bomb-secure Backup
Snowden revelations force Obama's hand on surveillance program