24 Jan '14, 6pm

These Angel Investors Want to Make Bitcoin 'Sexy' for Average People

At the Bitcoin 2013 conference in San Jose, Calif., last May, Michael Terpin noticed something missing. At the conference, digital wallet and Bitcoin exchange service Coinbase had announced a $6.1 million Series A round led by Union Square Ventures. But while venture capital firms such as Union Square had begun to make big investments in Bitcoin startups, no group of angel investors -- who are usually the first to give promising early-stage companies a financial boost -- had risen up to support this growing community. "I've never seen a space where there are top-tier VCs putting money in, but no angels," Terpin said to David Johnston, the founder of a startup called Engine, whose Google Chrome extension tackles information overload problems. Along with a young startup founder and polymath named Sam Yilmaz, Terpin and Johnston founded BitAngels to fill the void. By the end ...

Full article: http://www.entrepreneur.com/article/231033

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