Topic: 2013-04-30 Bizjournals: Lightspeed VC Jeremy Liew loves bitcoins: Here's why (Read 748 times)
April 30, 2013, 02:37:25 PM
Bitcoin is pseudonymous, not anonymous, and a user must take care to be anonymous.
April 30, 2013, 02:31:31 PM
Interview in Silicon Valley Business Journal, possibly the first in a wave of local coverage leading to the upcoming conference.
http://www.bizjournals.com/sanjose/news/2013/04/29/lightspeed-vc-jeremy-liew-loves.html?page=all
Quote
Jeremy Liew of Lightspeed Venture Partners sees several ways that startups will take advantage of the growing use of bitcoins as currency.
The partner at the Menlo Park firm recently backed OpenCoin, the developer of the Ripple payment protocol and says Lightspeed has put money in another undisclosed bitcoin play.
Early adopters of using the virtual electronic currency were attracted because it is an anonymous and free way to buy and sell goods and services. But it has also been the target of several runs, temporarily crashing its value.
But in a conversation with me, Liew explained why he thinks startups that are being built around the use of bitcoin are potentially big growth investments.
The partner at the Menlo Park firm recently backed OpenCoin, the developer of the Ripple payment protocol and says Lightspeed has put money in another undisclosed bitcoin play.
Early adopters of using the virtual electronic currency were attracted because it is an anonymous and free way to buy and sell goods and services. But it has also been the target of several runs, temporarily crashing its value.
But in a conversation with me, Liew explained why he thinks startups that are being built around the use of bitcoin are potentially big growth investments.
http://www.bizjournals.com/sanjose/news/2013/04/29/lightspeed-vc-jeremy-liew-loves.html?page=all
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