08 May '13, 10am

@usv

We have been thinking about and looking to make an investment in the Bitcoin ecosystem for several years. Today, we are happy to be able to talk about our first investment in the sector. We have made an investment in Coinbase along with our friends at Ribbit Capital , SV Angel and Funders Club . We believe that Bitcoin represents something fundamental and powerful, an open and distributed Internet peer to peer protocol for transferring purchasing power. It reminds us of SMTP, HTTP, RSS, and BitTorrent in its architecture and openness. Like what happened with those other low level protocols, entrepreneurs and developers are now building technology on top of Bitcoin to make it more useful, more accessible, and more secure. Coinbase is in some ways a perfect example of that trend. It was founded by Brian Armstrong , who as an engineer at Airbnb who wanted an easier way to inc...

Full article: http://www.usv.com/2013/05/coinbase.php

Tweets

FRED WILSON: Here's Why I'm Investing In Bitcoin

FRED WILSON: Here's Why I'm Investing In Bitcoin

businessinsider.com 09 May '13, 12pm

Hasbro, Business Insider See Also The Most Important Early-Stage Investor Of The Last 10 Years Just Made A Huge Bet On Bit...

Coinbase Nabs $5M in Biggest Funding for Bitcoi...

blogs.wsj.com 07 May '13, 9pm

Eleven-month-old startup Coinbase announced Tuesday the largest funding round to date for a Bitcoin startup, a $5 million ...

Coinbase Nabs $5M in Biggest Funding for Bitcoi...

blogs.wsj.com 07 May '13, 9pm

Eleven-month-old startup Coinbase announced Tuesday the largest funding round to date for a Bitcoin startup, a $5 million ...

Coinbase (YC S12) raises $5M from Union Square Ventures, largest financing round yet for a Bitcoin startup

Coinbase (YC S12) raises $5M from Union Square ...

blog.ycombinator.com 07 May '13, 10pm

Coinbase (YC S12) raises $5M from Union Square Ventures, largest financing round yet for a Bitcoin startup Eleven-month-ol...

The Most Important Early-Stage Investor Of The Last 10 Years Just Made A Huge Bet On Bitcoin

The Most Important Early-Stage Investor Of The ...

businessinsider.com 09 May '13, 12pm

just led his first startup deal in nearly two years. Wilson led a $5 million round in Coinbase, a startup for buying, sell...

Early-stage #investor @FredWilson just made a huge bet on #Bitcoin (via @BusinessInsider) #Coinbase

Early-stage #investor @FredWilson just made a h...

finance.yahoo.com 09 May '13, 12pm

just led his first startup deal in nearly two years. Wilson led a $5 million round in Coinbase, a startup for buying, sell...

Patagonia's new VC fund to invest in trailblazi...

greenbiz.com 09 May '13, 2pm

Patagonia, one of the most enduring stand-out leaders on corporate sustainability, is launching a venture capital fund to ...

Enterprise startup issues: What’s different about B2B startups?

Enterprise startup issues: What’s different abo...

sgentrepreneurs.com 08 May '13, 7am

Enterprise startup issues: What’s different about B2B startups? May 8, 2013 by Guest Contributor By Mike Holt , CEO of Sin...

Investors claim Singapore the easiest place to ...

zdnet.com 08 May '13, 7am

Amid claims today by Innov8 CEO Edgar Hardless that Singapore is the easiest place in the world to set up a company, Catap...

Fred Couples after being inducted into the Worl...

golf.com 07 May '13, 6am

ST. AUGUSTINE, Fla. (AP) -- About the only thing Fred Couples and Colin Montgomerie had in common was a golf swing good en...

Patagonia launches '$20 Million & Change' start-up fund #ecofashioninthenews

Patagonia launches '$20 Million & Change' start...

magnifeco.com 08 May '13, 3pm

Patagonia’s Latest Product: an In-House Venture Fund Patagonia, a company known for its progressive environmental and soci...

Denham invests $75m in 1GW of Australian wind p...

newenergyworldnetwork.com 07 May '13, 8am

Denham invests $75m in 1GW of Australian wind power 7 May 2013 Energy-focused private equity firm Denham Capital has inves...

Funding daily: Bitcoin, crowdfunding & other tr...

venturebeat.com 07 May '13, 11pm

In a rare twist, the majority of startups closing funding rounds today are targeted to consumers. W e’ve recently seen bus...