The companies driving the concept are getting real money in funding. This is a lot of money for VCs to throw around:
http://fortune.com/2015/01/20/coinbase-raises-75-million-in-largest-ever-vc-round-for-bitcoin-company/
Here is a snippet from that piece:
Coinbase has raised $75 million in Series C funding, in what is believed to be the largest-ever funding round for a Bitcoin-related company.
DFJ Growth led the round, and was joined by The New York Stock Exchange, USAA, BBVA (Spain), NTT Docomo (Japan), Valar Capital, Vikram Pandit, Tom Glocer and Carlos Rodriguez Pastor. Returning investors included Andreessen Horowitz, Reddit Capital and Union Square Ventures. No word on valuation, although an earlier Re/Code report suggested that the deal would value Coinbase at around $400 million.
That is real money folks. How long until we regularly use bitcoin for some kind of purchase? I wonder.
Happy Reading,
J.W. Gant
DFJ Growth led the round, and was joined by The New York Stock Exchange, USAA, BBVA (Spain), NTT Docomo (Japan), Valar Capital, Vikram Pandit, Tom Glocer and Carlos Rodriguez Pastor. Returning investors included Andreessen Horowitz, Reddit Capital and Union Square Ventures. No word on valuation, although an earlier Re/Code report suggested that the deal would value Coinbase at around $400 million.
That is real money folks. How long until we regularly use bitcoin for some kind of purchase? I wonder.
Happy Reading,
J.W. Gant
No comments:
Post a Comment