30 Sep '14, 12am

Jeremy Allaire Opens His Long-Awaited Bitcoin Product Circle Up To The Public

When you have one of the most experienced CEOs in the industry, who led Macromedia and oversaw the development of Adobe Flash in the 2000s and then changed online video again by taking Brightcove public, people pay attention. So when Jeremy Allaire said he was entering the Bitcoin space, top-tier venture firms took notice. Jim Breyer, who was one of Facebook’s very first investors, Accel Partners and General Catalyst quickly lined up to put $9 million in a year ago even though the company had yet to launch a product. They soon tacked on another $17 million, as everyone else in the space bulked up on funding given the regulatory and legal costs. Now it’s finally emerged from an invite-only phase and is fully open to the public. Don’t call it a Bitcoin wallet though. Allaire and his company wanted to build something that was deeply accessible to everyone, not just crypto-cur...

Full article: http://techcrunch.com/2014/09/29/circle-allaire/

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