Bitcoin Startups Get Their Own Silicon Valley Accelerator

Bitcoin may be more popular — and pricey — than ever before, but its entrepreneurial ecosystem is still a work in progress. Now Plug and Play Tech Center, which has three locations in Silicon Valley and which was a seed investor in PayPal, has announced the opening of an accelerator program exclusively for Bitcoin-related startups.  The accelerator will be located in Sunnyvale, Calif.  Each participating startup will receive a $25,000 seed investment in exchange for a 5 percent equity stake, Saeed Amidi, the founder and chief executive of Plug and Play Tech Center, tells Entrepreneur.com. ‘In special cases, we can go up to $100,000,’ he says.”

http://www.entrepreneur.com/article/229960

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