This is just copied from that techcrunch article
http://techcrunch.com/2013/04/05/why-do-vcs-care-about-bitcoin
Kinda of scammy you give no credit to the authors...
Topic: Why venture capitalists love the bitcoin market (Read 995 times)
Bitcoin or a fork funded by one bitcoin could be used to reduce a large portion of charity fraud. Put that on the list venture capitalists. Every venture fund needs a few feathers they can proudly wear in their caps.
Harvard/Hauser Center pdf http://www.hks.harvard.edu/hauser/PDF_XLS/workingpapers/workingpaper_35.pdf
Harvard/Hauser Center pdf http://www.hks.harvard.edu/hauser/PDF_XLS/workingpapers/workingpaper_35.pdf
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. There are three key markets in Bitcoin:
Wallet. Holding your Bitcoins for you, serving some of the checking account functions of a bank.
Exchange. Converting from USD to Bitcoins and back.
Payments. Helping merchants accept Bitcoins for their transactions.
As a rule of thumb, VCs like to see billion-dollar markets to get excited. How can each of these markets get to be a billion dollars in size?
Read more here http://www.bitcoinrumors.com/2013/04/06/why-venture-capitals-love-the-bitcoin-market/
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