Maybe it's time for some real entrepreneurs to raise some venture capital

optionstalker

newbie

Activity: 23

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Quote from: wujh on June 16, 2011, 09:30:33 PM

I mean start a business providing infrastructure services, a far more sophisticated services than what we already have. For example, Clearcoin.com is one of the most important services I think the bitcoin economy needs. However, it's still a one-man start-up, running on some app. engine, and down from now and then…… Hi, dude, it's business about money, wealth of the people, don't you think you're not serious enough? why not just raise some venture capital, and hire more people and persuade more smart programmers, product managers, marketing experts into the great adventure.

I agree with this sentiment completely. bitcoin needs more entrepreneurs. I also think there are several great one-man start-ups out there like ClearCoin still to be launched. To start a larger venture, the traditional VC approach is a bit top-down. bitcoin is more amenable to p2p micro-finance solutions of the prosper/zopa/kiva variety. Lot's could be done through that type of channel to scale up the economy right now.

koin

legendary

Activity: 873

Merit: 1000

Quote from: wujh on June 16, 2011, 09:30:33 PM

why not just raise some venture capital,

the capital gains from the jump from $2 to $20 provided a little unexpected "seed capital" for a few who were bootstrapping it. but that had just happened within the past few weeks, creating teams and products take a little longer

Quote from: wujh on June 16, 2011, 09:30:33 PM

if you guys continue your old way of behaving, either will the bitcoin die, or will you be left behind by more entrepreneurial people.

anyone building anything that creates demand for more bitcoins is causing a rising tide that lifts all boats.

by now hopefully there are gaming companies scrapping their in-game currency and pivoting to use bitcoins. hopefully there are more traders and developers looking at the exchanges and see opportunity which will shrink the price volatility there.

but this is likely going to need to be a bottom up movement. instead of paying using paypal, there needs to be enough people who will whine and say they'ld prefer to close their paypal accounts and instead prefer to pay using bitcoin. etc.

don't forget though, bitcoin has a really small market yet

that being said, it is happening
Bitcoin Hackathon in San Diego, California http://forum.bitcoin.org/index.php?topic=16013.0

startup partners wanted for bitcoin project (Seattle) http://seattle.craigslist.org/see/cpg/2438261848.html

Looking to hire up to 3 full-time programmer for Canadian bitcoin startup. http://forum.bitcoin.org/index.php?topic=11511.0

bitcoin labs https://github.com/bitcoin-labs

bitgit open source projects http://luke.dashjr.org/programs/bitcoin/

meetups http://bitcoin.meetup.com/all/

dutt

member

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They will step up, especially now that MTGoX had those $40k days.

wujh

newbie

Activity: 49

Merit: 0

I mean start a business providing infrastructure services, a far more sophisticated services than what we already have. For example, Clearcoin.com is one of the most important services I think the bitcoin economy needs. However, it's still a one-man start-up, running on some app. engine, and down from now and then…… Hi, dude, it's business about money, wealth of the people, don't you think you're not serious enough? why not just raise some venture capital, and hire more people and persuade more smart programmers, product managers, marketing experts into the great adventure.

Guys, I really appreciate what you have achieved in the last two years. You created a bud of new era. However, if you guys continue your old way of behaving, either will the bitcoin die, or will you be left behind by more entrepreneurial people.

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