25 Jul '13, 4pm

Bitcoin venture funding is higher when bitcoin prices are north of $100

Bitcoin venture funding is higher when bitcoin prices are north of $100

Interested in venture capital funding and bitcoin startups? Well, it seems that the secret has been in the market price for bitcoins. As in, the higher the price that bitcoins are, the more funding that seems to pour out of VCs and into bitcoin exchanges, wallets and other companies built around bitcoin. The common thread seems to be that, with the exception of Tradehill, major funding went into bitcoin-influenced startups once the price went higher than $100 per BTC. VC Funding Numbers: CrunchBase; BTC prices are from funding date: Bitcoin Charts Now, anyone who knows a bit about venture capital realizes that there was due diligence going on behind the scenes at these companies for a good period of time. But one cannot dismiss the fact that the largest amounts of capital raised happened once the price of bitcoins went up above $100 per BTC. This was a time of some of the ...

Full article: http://www.coindesk.com/bitcoin-venture-funding-is-higher...

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