Angel investor news

Affluent individual who provides capital for a business start-up, usually in exchange for convertible debt or ownership equity

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Who’s the Best Seed Investor on the Planet?

We are raising our first round of external investment into our business which means we are talking to an awesome number of people and getting feedback on our product, roadmap, prototype, and pitch decks. It has been an incredible experience, connecting with some of the smartest people in the world, and having the pleasure to see glimpses of the futures they imagine and how our product fits into it. Even with that being true, I‘d really appreciate your help.What I haven’t done, is lean on my network to receive suggestions, recommendations or introductions to people we should be talking to.That’s what I’m asking for now.In retrospect, it seems a mistake to have not turned to the intelligence of the network sooner. Entwined within the collective is an accumulation of knowledge that any individual could never overcome. There is an almost limitless number of connections and relationships which can become a gateway to tremendous progress and innovation. The greatest force multiplier I have ever experienced has come from introductions. Can you make one?If you want to know more about the platform before you’d feel comfortable making any recommendation or introduction I would be delighted to share our deck and prototype with your — just email chris@nexves.comWe built the product for our own internal use and initially had no intention of releasing it to anyone else. I mentioned it to a few founders and every single one suffered/are suffering through this and saw our application as a massive pain killer. From there I pushed out into the market and got feedback from some of the leading proponents in the space to identical results.My ask is simple:Who is the investor you would recommend to any startup founder or reach out to first if you were developing a new company yourself?Who proved to be the greatest force multiplier in terms of effort, expertise, introductions, and skill that your startup couldn’t have lived without?Feel free to @ them in the comments here or email me directlyThank youWho’s the Best Seed Investor on the Planet? was originally published in Hacker Noon on Medium, where people are continuing the conversation by highlighting and responding to this story.
Hackernoon

Uber Angel Investor Predicts Bitcoin Price will Fall to $500

The bitcoin price will likely fall anywhere between $0 and $500 in the future, according to Jason Calacanis. The prominent venture capitalist said on Wednesday that the world’s largest cryptocurrency operates in a manipulated market. He further discussed the possibility of [a] new, emerging technology replacing bitcoin that would eventually hurt its long-term fundamentals as an asset. “It’s possible [bitcoin] is built to last, but not probable, so keep your position to an amount you’re willing to [lose],” suggested Calacanis. “For most, that’s 1-5% of net worth.” My position remains the same. #Bitcoin will likely be replaced by a new technology & it’s manipulated It’s possible it’s built to last, but not probable, so keep your position to an amount you’re willing to loose For most, that’s 1-5% of net worth It will likely go to 0-$500. https://t.co/8Bs4PGmiN5 — (@Jason) May 27, 2019 The statement appeared in the wake of growing buying sentiment noted lately in the bitcoin spot market. The asset, which had slipped more than 70 percent last year after establishing a historic high at circa $20,000, made one of the most significant comebacks ever seen in both nascent and traditional markets. Bitcoin’s rate in the US dollar markets posted a maximum rebound of 186 percent in just 163 days — as of May 27, 01:00 UTC. In comparison, Nasdaq and S&P 500, which also published their worst performance in a decade in 2018, rebounded by a dwarfed 23 and 25.94 percent from their lows, respectively. Calacanis argued much of the bitcoin bullish bias that sent prices skyrocketing, predicting that early holders would exit their positions at suitable peak formations while leaving the new bagholders behind. “It’s possible that the early holders will clear their positions to a new group of global refugee seekers, making it built to last,” said Calacanis. “I put that at [more than] 30 percent right now. “Energy consumption, hacking, regulation & a better version are likely negative scenarios — I bundle those at 70 percent.” Bitcoin Community Reacts The bearish outlook presented by Calacanis met criticism from the bitcoin community, with many arguing that the prediction relied on a fictional phenomenon. John Carvalho, the chief operating officer of BitRefill, a Stockholm-based crypto startup, found Calacanis’ argument unconvincing. He asked: “Why do you think replacement is likely? What evidence or relevance does manipulation have on BTC persistence? Have you done the math on what size the market would be if 1-5% of all investment-ready wealth [were] stored in Bitcoin?” Meanwhile, prominent cryptocurrency analyst Parabolic Trav said bitcoin’s scarcity and resilience as an asset is adequately strong to sustain its dominance in the crypto market. “Unless a “new technology” will achieve perfect scarcity a la free market, any goofy features don’t matter and will do nothing for dethroning BTC,” Parabolic Trav wrote in response to Calacanis’ prediction. Unless a “new technology” will achieve perfect scarcity a la fee market, any goofy features don’t matter and will do nothing for dethroning BTC. BTC is going to be perfect scarcity and perfect resilience. Everything else is irrelevant. LLB. — ParabolicTrav (@parabolictrav) May 27, 2019 Other feedbacks included requests to Calacanis to look more deeply into the bitcoin technology for its non-confiscatable and censorship-resistant features. Fundamentals Support Bitcoin While one cannot predict where the bitcoin price would eventually land, the majority of fundamental factors appears on the bullish side. The cryptocurrency witnessed a renewed wave of buying sentiment, particularly after major US financial firms like Fidelity Investments and TD Ameritrade announced that they would launch bitcoin trading services. On the other hand, bitcoin’s supply will be going to get reduced by half in May 2020, which has further improvised the asset’s bullish bias in the long-term. Bitcoin was trading at $8,733.91 at the time of this writing. Uber Angel Investor Predicts Bitcoin Price will Fall to $500 was last modified: May 28th, 2019 by Davit BabayanThe post Uber Angel Investor Predicts Bitcoin Price will Fall to $500 appeared first on NewsBTC.
NewsBTC

Uber Angel Investor Predicts Bitcoin Price will Fall to $500

The bitcoin price will likely fall anywhere between $0 and $500 in the future, according to Jason Calacanis. The prominent venture capitalist said on Wednesday that the world’s largest cryptocurrency operates in a manipulated market. He further discussed the possibility of [a] new, emerging technology replacing bitcoin that would eventually hurt its long-term fundamentals as an asset. “It’s possible [bitcoin] is built to last, but not probable, so keep your position to an amount you’re willing to [lose],” suggested Calacanis. “For most, that’s 1-5% of net worth.” My position remains the same. #Bitcoin will likely be replaced by a new technology & it’s manipulated It’s possible it’s built to last, but not probable, so keep your position to an amount you’re willing to loose For most, that’s 1-5% of net worth It will likely go to 0-$500. https://t.co/8Bs4PGmiN5 — (@Jason) May 27, 2019 The statement appeared in the wake of growing buying sentiment noted lately in the bitcoin spot market. The asset, which had slipped more than 70 percent last year after establishing a historic high at circa $20,000, made one of the most significant comebacks ever seen in both nascent and traditional markets. Bitcoin’s rate in the US dollar markets posted a maximum rebound of 186 percent in just 163 days — as of May 27, 01:00 UTC. In comparison, Nasdaq and S&P 500, which also published their worst performance in a decade in 2018, rebounded by a dwarfed 23 and 25.94 percent from their lows, respectively. Calacanis argued much of the bitcoin bullish bias that sent prices skyrocketing, predicting that early holders would exit their positions at suitable peak formations while leaving the new bagholders behind. “It’s possible that the early holders will clear their positions to a new group of global refugee seekers, making it built to last,” said Calacanis. “I put that at [more than] 30 percent right now. “Energy consumption, hacking, regulation & a better version are likely negative scenarios — I bundle those at 70 percent.” Bitcoin Community Reacts The bearish outlook presented by Calacanis met criticism from the bitcoin community, with many arguing that the prediction relied on a fictional phenomenon. John Carvalho, the chief operating officer of BitRefill, a Stockholm-based crypto startup, found Calacanis’ argument unconvincing. He asked: “Why do you think replacement is likely? What evidence or relevance does manipulation have on BTC persistence? Have you done the math on what size the market would be if 1-5% of all investment-ready wealth [were] stored in Bitcoin?” Meanwhile, prominent cryptocurrency analyst Parabolic Trav said bitcoin’s scarcity and resilience as an asset is adequately strong to sustain its dominance in the crypto market. “Unless a “new technology” will achieve perfect scarcity a la free market, any goofy features don’t matter and will do nothing for dethroning BTC,” Parabolic Trav wrote in response to Calacanis’ prediction. Unless a “new technology” will achieve perfect scarcity a la fee market, any goofy features don’t matter and will do nothing for dethroning BTC. BTC is going to be perfect scarcity and perfect resilience. Everything else is irrelevant. LLB. — ParabolicTrav (@parabolictrav) May 27, 2019 Other feedbacks included requests to Calacanis to look more deeply into the bitcoin technology for its non-confiscatable and censorship-resistant features. Fundamentals Support Bitcoin While one cannot predict where the bitcoin price would eventually land, the majority of fundamental factors appears on the bullish side. The cryptocurrency witnessed a renewed wave of buying sentiment, particularly after major US financial firms like Fidelity Investments and TD Ameritrade announced that they would launch bitcoin trading services. On the other hand, bitcoin’s supply will be going to get reduced by half in May 2020, which has further improvised the asset’s bullish bias in the long-term. Bitcoin was trading at $8,733.91 at the time of this writing. Uber Angel Investor Predicts Bitcoin Price will Fall to $500 was last modified: May 28th, 2019 by Davit BabayanThe post Uber Angel Investor Predicts Bitcoin Price will Fall to $500 appeared first on NewsBTC.
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Bitfinex Secures $1 Billion From Private Investors

Bitfinex, the embattled cryptocurrency exchange, says it raised about one billion in USDT from private investors even amid accusations that the company and Tether covered up losses to the tune of $850 million. Bitfinex: Investors Trust us, We Need Not Brag Paolo Ardoino, the chief technology officer (CTO) of Bitfinex announced the news via a tweet published on Monday (May 13, 2019). According to the tweet, the company raised one billion in USDT and its equivalent in the space of ten days from private companies and individual investors. . @bitfinex is able to raise 1b USDt in 10 days, in a private sale. Private companies, giants in our industry and outside, made investments for > 100m each. A legion of inside and outside users made investments for > 1m each. — Paolo Ardoino (@paoloardoino) May 13, 2019 Ardoino said each participating firm invested at least $100 million while individual investors committed an average of the $1 million to the fundraising drive. The Bitfinex CTO said the swift nature of the capital raising project was a testament to the trust placed in the company by investors within and outside the industry. Data from CoinMarketCap shows Tether’s market capitalization at $2.77 billion with a circulating supply of about 2.78 billion USDT. Fastest $1billion raise ever? https://t.co/0h71eoxXwo — Alistair Milne (@alistairmilne) May 13, 2019 In late April 2019, Bitcoinist reported that the New York Attorney General (NYAG) accused both Bitfinex and Tether of covering losses totaling $850 million. This revelation once again brought up questions about the company’s solvency and the degree to which USDT is backed by cash reserves. After the news broke out, Bitfinex users understandably made a run on USDT with more than $165 million withdrawn within 24 hours of the NYAG accusations becoming public. Tether Transactions Keep on Rising Meanwhile, data from Coin Metrics shows that Tether transaction count continues to rise. Over a 7-day average period, the daily USDT transaction currently stands at 48,639. Since the start of 2019, the average USDT transaction count has increased by more than 265 percent. Back in March 2019, Tether’s dominance of the stablecoin market dropped to about 75 percent. In the wake of the recent accusation from the NYAG, the latest in a long line of controversies surrounding both Bitfinex and Tether, a few industry stakeholders called for exchanges to delist USDT. Many who hold this opinion say the alleged financial malpractice by both companies is much worse than the antics of Bitcoin SV (BSV) proponents like Craig Wright and Calvin Ayre that led to some exchanges delisting BSV from their platforms. Coinbase CEO, Brian Armstrong even tweeted that the market should pivot towards a more ‘trustworthy’ stablecoin like USD Coin (USDC), a stablecoin created by Coinbase. Do you think this development shows that investors still have faith in Bitfinex? Let us know your thoughts in the comments below. Images via Twitter @paoloardoino @alistairmilne @MatiGreenspan and Coinmetrics The post Bitfinex Secures $1 Billion From Private Investors appeared first on Bitcoinist.com.
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OKEx’s Token Will See 17x Growth in Price, Blockchain Investment Firm Forecasts

The recent popularity Initial Exchange Offerings (IEO) have been experiencing over the last few months has brought what it appears to be like a new bull run. An incredible example of success is the OKB token issued by OKEx, one of the largest cryptocurrency exchanges by trading volume in the world, which has impressed the market beyond expectations having experienced an increase in the price of 163% since launched. Shinobi Capital, a leading blockchain advisory firm and also an investor in early-stage start-ups, has released its latest evaluation report estimating that the OKB price will grow further to US$30.75, 17 times the current price, by the end of 2020. According to Jason Hill, the founding partner of Shinobi Capital:  Exchanges tokens will be the powerhouse of the development of the digital asset market and even blockchain technology. Following a series of IEOs powered by exchange tokens in H1 2019, the market is marching to the next round of bull run. OKB, as a market leader of exchange tokens, is also welcoming its own uptrend. Backed by a number of use cases and a large user base of OKEx, OKB has demonstrated a huge potential of growth. The established blockchain and cryptocurrency advisory firm is well-known for its extensive experience in start-up investment. In their evaluation report of OKB, Shinobi Capital lays out the two most important factors that will affect OKB’s future trading volume, the development of the OKChain mainnet and the overall the crypto market condition. Furthermore, the report also establishes a comparative evaluation model with other major platform tokens, including Binance Coin (BNB), EOS, and TRON (TRX). This comparative evaluation studies different aspects of each token such as trading volume, price patterns, and usage demand. The latest OKB buy-back & burn program is also taken into account to evaluate the token’s future price trend. It is expected that by the end of 2020, the price of OKB will reach USD30.75 and its market capitalization will be about USD7.068 billion. There is a significant growth lag in OKB at this stage, and the potential of price growth needs to be further released. In the next round of market recovery and boom, OKB is likely to become one of the fastest-growing assets in the market. Disclosure: This is a sponsored press release The post OKEx’s Token Will See 17x Growth in Price, Blockchain Investment Firm Forecasts appeared first on NullTX.
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Ethereum Classic presents roadmap to improve DApp development and overall infrastructure

Experts of the cryptospace are making use of DApp services to simplify the entire blockchain process. Along these lines, Ethereum Classic’s [ETC] core development team has put forth an initiative to revamp its existing ecosystem. Moving forward with an aspiration for refinement, ETC’s team is developing fresh features over blockchain technology, a development that will […] The post Ethereum Classic presents roadmap to improve DApp development and overall infrastructure appeared first on AMBCrypto.
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David Marcus Grilled During Facebook's Senate Hearing

During the first of two congressional hearings regarding Facebook's Libra cryptocurrency, project lead David Marcus went as far as to say he'd be willing to take his salary in Libra after intense grilling from Senator Sherrod Brown.
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David Marcus Questioned Over Libra by Congress

Facebook is finally facing its reckoning as David Marcus, head of the company’s blockchain division and the leader of Libra, the venture’s new cryptocurrency, was grilled by Senate members who refuse to believe in Facebook’s allegedly noble financial plans. Libra: A Congressional Issue? Many people have a hard time believing in Facebook’s morality following the Cambridge Analytica scandal. Discovered in 2018, Facebook had allegedly been selling users’ private data for years to third parties for advertising purposes. Following Mark Zuckerberg’s Senate hearing last year, trust in Facebook has fallen to an all-time low. In many ways, this new “congressional step” for the social media conglomerate should serve as a huge learning experience. When you’re a company of Facebook’s size and you do anything to compromise the safety or privacy of your customers, you can bet it’s going to take a long time to earn their trust back. Facebook is learning this lesson in spades right now, as several Senators taking part in the hearing commented about the lack of trust they feel towards the company and its executive team. Sherrod Brown, a Democrat from the state of Ohio, commented:  Facebook has demonstrated through scandal after scandal that it doesn’t deserve our trust. We’d be crazy to give them a chance to let them experiment with people’s bank accounts. Senator Martha McSally, a Republican from Arizona, stated that Facebook is simply trying to shift gears and get people to focus on something else entirely, in this case cryptocurrency. Rather than seriously attempt to fix its reputation, it’s working to divert people’s attention with an entirely new product. She says: I don’t trust you guys. Instead of cleaning up your house, you are launching into a new business model. In addition, Facebook is also being criticized for its complete lack of coordination with policymakers. Throughout the early development of Libra, Facebook’s executive team failed to make any contacts with regulators or legal authorities to potentially understand how the cryptocurrency could better satisfy present financial laws and terms.  Trust Takes a Long Time to Build At least David Marcus isn’t lying to himself. He acknowledged during the hearing that it would likely take a while before the company can earn people’s trust well enough that they would provide their banking details. He states:  I want to make it clear that we are only at the beginning of the journey. We expect the review of Libra to be one of the most extensive ever. Facebook will not offer the Libra currency until we have addressed the concerns and receive appropriate approvals… We will not control Libra and will be one of over 100 participants that will govern over the currency. We will have to gain people’s trust if we want people to use our network over the hundreds of competing companies. The post David Marcus Questioned Over Libra by Congress appeared first on Live Bitcoin News.
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Waves CEO Has Sold His Stake At Vostok, A Waves Blockchain Affiliated Project

Alexander Ivanov, the founder, and CEO of Waves has recently decided to fully sell his stake of Vostok, blockchain spin-off of the Waves platform. According to a recent press release, now only the GHP Group, which bought all the stakes, will be the owner of the project. The CEO also affirmed on the press release that […]
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