Simon Burns is a co-founder of Wealthcoin, a bitcoin investment services startup that recently graduated from California incubator Boost VC. Here, he shares insights from his ongoing tour to lift a seed round.
One of a many talked-about trends in a bitcoin ecosystem is that lifting collateral as an early-stage bitcoin startup is harder now than it was a year ago.
Sure, we’re in the midst of bitcoin investment augmenting dramatically year over year, though appropriation is down entertain over quarter, and there are other reasons VC dollars are wavering to pierce into bitcoin startups.
In 2012, expansion rates for a zone were still unclear, so it was extremely easier to “sell a dream, not a data”. Now that information has come out around consumer wallet use and businessman adoption, some investors are shying away. It’s been in this context that a group has set out to try lifting a seed round.
I’ve been assembly with early-stage bitcoin founders in San Francisco and New York who’ve achieved what I’m environment out to do. Founders ranged from craving bitcoin data-as-a-service providers with a few clients to consumer wallet companies with hundreds of thousands.
Despite their differences, however, they offering most of a same