11 Aug '12, 3pm

My Answer To A VC's Bitcoin Question

My Answer To A VC's Bitcoin Question

Failing to recognize this maxim, especially as a venture capital investor, can be fraught with pitfalls. Regulatory acquiescence will be tempting, but counter-productive. In a company’s strategic plan, relegation of bitcoin to just another national currency type among equals fails to exploit its incredible transformative properties. The venture capitalist could become boxed in by the lack of courage to set legal precedent, by the unwillingness to go overseas, or even by the reluctance of the board. To be fair, there will be VC plays in the regulation-friendly exchange space and processor space but they won’t be the home runs!

Full article: http://www.forbes.com/sites/jonmatonis/2012/08/11/my-answ...

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