With $1.5M Led By Winklevoss Capital, BitInstant Aims To Be The Go-To Site To Buy And Sell Bitcoins
Cameron and Tyler Winklevoss, the twin Harvard graduates who famously sparred with Mark Zuckerberg over the founding of Facebook and are now working as tech investors through Winklevoss Capital, are part of the growing group of venture capitalists who have taken a keen interest in Bitcoins. Last month, it was revealed that they personally own roughly one percent of the currency, a stake worth the equivalent of some $11 million. And now, the Winklevosses tell TechCrunch they have invested in Bitcoin in another meaningful way -- by leading a funding round for a startup in the space. BitInstant, a New York City based startup that operates an online platform for buying and selling Bitcoins, has raised $1.5 million in a seed funding round led by Winklevoss Capital with the participation of other strategic investors including money services veteran David Azar. The investment was closed this past fall, but the Winklevosses are just now publicly announcing it in the lead-up to the Bitcoin Foundation's ...
German Finance Minister Puts Focus on Unemployment
Speaking at an investment conference in London, Wolfgang Schäuble cited joblessness among young people as Europe’s biggest problem.
Alibaba Group's New Stake In Sina Weibo May Help Its Nascent Smartphone OS Gain Traction Against Android & iOS
Pouring $586 million in Sina Weibo gives Alibaba Group several perks, including an inroad into social media and access to the microblogging platform’s data. Not only that, but its new 18 percent stake in Sina Weibo may also give Alibaba Group a leg-up as it seeks to promote its own smartphone operating system Alibaba Mobile OS (AMOS) as a rival to Android. As the Wall Street Journal writes, Alibaba Group’s investment in Sina Weibo means that it now has access to data generated by the platform’s 46.2 million daily users. This is on top of the 500 million registered users on Taobao, one of Alibaba Group’s e-commerce sites. “If you are a big Internet company and you are ambitious enough in the mobile space, you have to do more than apps. Otherwise, you are just a small species in an ecosystem controlled by others,” Alibaba chief strategy officer Zeng Ming told WSJ. Zeng said that Alibaba Group’s target for AMOS is to power 10 percent of all smartphones shipped in China, an ambitious ...
Investor Chamath Palihapitiya Says We're At An ‘Absolute' Low Point In Startup Quality
Chamath Palihapitiya, a former Facebook executive and founder of investment firm The Social+Capital Partnership, said today that the tech world should be "utterly ashamed," because "we are at an absolute minimum in terms of things that are being started." Palihapitiya was interviewed on-stage at our Disrupt NY conference. He argued that in contrast to past decades, where tech entrepreneurs were inventing silicon chips, putting computers on every desktop, or wiring the world, we're now "rehashing ideas from 2003." He didn't name a specific company, but when Palihapitiya talked disdainfully about an instant messaging app that allows you to send photos of everything from an apple orchard to your genitalia, and that the message disappears after a short period of time, it's not too hard to decipher who he's talking about.
Dosi.io Makes LinkedIn Stalking Better With Info From GitHub, AngelList & CrunchBase
Dosi.io is a new Chrome extension that builds a better dossier at the top of LinkedIn profiles where it helps you determine who’s worth your time. Once installed, LinkedIn stalking gets a lot more interesting, as Dosi.io displays more information about the person in question by pulling in additional data from CrunchBase, GitHub and AngelList. It also displays a score indicating that person’s importance to you in terms of how well they match your networking goals. The extension, built here at the TechCrunch Disrupt NY 2013 hackathon, is currently designed for the developer crowd, but the creators intend to bring it to other communities in the future. You can think of Dosi.io as something like a Rapportive for LinkedIn, explains co-creator Niles Brooks, who’s also the co-founder of sustainable restaurant guide Clean Plates. He says he came up with the idea for the extension the midnight before the hackathon’s start. Kenneth Chen, a software developer in the finance industry, had been ...