Topic: 2013-04-05 TechCrunch: Why VCs Love The Bitcoin Market (Read 805 times)
One of the best articles on Bitcoin I've read so far, absolutely loved it. It really shows the mindset that a good venture capitalist has when looking at investment opportunities. Unlike most expert you see elsewhere who try to look at Bitcoin as a regular currency or a stock or whatever, this guy (Jeremy Liew) is able to look beyond the technical challenges and into the future of Bitcoin. I hope he makes lots of money investing in Bitcoin startups.
Another article from Jeremy Liew, quite different from the one posted yesterday at American Banker.
http://techcrunch.com/2013/04/05/why-do-vcs-care-about-bitcoin/
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As a VC, my interest in the Bitcoin ecosystem is not ideological but mercenary. I see the opportunity for Bitcoin to disrupt multi-billion-dollar markets, but in doing so also create new big markets.
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In all the scenarios that I’ve painted above, Bitcoin prices need to go up by 100x or more. If that were the case, then maybe just buying Bitcoin is a better investment than putting money into a Bitcoin startup. You get plenty of upside and no execution risk, but it won’t be anywhere near as much fun.
http://techcrunch.com/2013/04/05/why-do-vcs-care-about-bitcoin/
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