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Now Liew and other VCs are ready to ante up and continue to put their money where their mouths are by helping to establish the “Boost Bitcoin Fund.” The Fund, Draper exaplins, is a follow-on or “start” fund for all Bitcoin companies that graduate from the accelerator program. Each of the fifteen companies in Boost’s cohorts receives $15K in seed capital (in exchange for a 5 percent equity stake), but with the new fund, Bitcoin startups will receive an additional $50K investment upon completing the program.
To Test The Bitcoin Waters, Adam Draper’s Boost.vc Accelerator Adds Backing From Lightspeed, Beluga Founder & More
http://techcrunch.com/2013/05/14/to-test-the-bitcoin-waters-adam-drapers-boost-vc-accelerator-adds-backing-from-lightspeed-beluga-founder-more/