The VC Funding Competition Is Healthy For Bitcoin Startups

For many years now, most of the funding in the Bitcoin world has come through venture capitalists. These wealthy individuals and firms bring not only money to the digital currency ecosystem, but also a wealth of expertise and a network of professional connections. But things are changing in the VC world, and the effects could very well shake up things in the Bitcoin industry as well.

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VC Competition Is Both Good And Bad

Up until a few months ago, most of the VC’s and investment firms were limited to a certain number of players, simply because there was very little competition. However, that situation has come to change, as startups now have plenty of VC funding to choose from. More competition can be beneficial as everyone has something different to bring to the table.

Part of what makes VC’s and venture capitalist firms so appealing to startups is their expertise and knowledge they have to offer. Funding is an important step for any new business, but money’s not everything in the corporate world. Without proper guidance, a lot of startups will ultimately fail, and that scenario has

Read more ... source: TheBitcoinNews