Bitcoin and Venture Capital: ‘Sometimes the Future Does Happen’

SAN FRANCISCO (InsideBitcoins) – Silicon Valley is the breeding ground of venture capital – and VC has shown a growing enthusiasm for bitcoin and blockchain technology, investing nearly $450 million dollars in the industry, mostly in the past 12 months. At the O’Reilly Bitcoin Summit in San Francisco, two tech funders shared their ideas on what it takes to snag a piece of the speculative-money pie and what it means now that last-century money players are taking notice.
Keith Rabois, investment partner with Khosla Ventures – formerly in leadership roles with PayPal, LinkedIn and others – says bitcoin startups have to compete on a fast track to gain buy-in – as well as stay ahead of regulators.

This post was published at Inside Bitcoins on Jan 29, 2015.