part of the reason bitcoin startups get so much investment is VCs can't directly buy bitcoins with LP money but want exposure

Mar 26, 2014 · 11:30 PM UTC

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Replying to @sama
@sama :) theinformation.com/Venture-F…
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Replying to @sama
RT @sama: part of the reason bitcoin startups get so much investment is VCs can’t directly buy bitcoins with LP money but want exposure
Replying to @sama
@sama @paulg true, but nothing new: same reason listed investment co's invest in gold miners rather than gold bullion.
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Replying to @sama
@sama @paulg interestingly the success of BTC and/or altcoins is a necessary but not sufficient condition for those investments to do well.
Replying to @sama
“@sama: part of the reason bitcoin startups get so much investment is VCs can't directly buy bitcoins with LP money but want exposure”
Replying to @sama
@sama posted to quora about this quora.com/Venture-Capital/Ar…
Replying to @sama
@sama I don't understand why that is the case. Care to elaborate?
Replying to @sama
“@sama: part of the reason bitcoin startups get so much investment is VCs can't directly buy bitcoins with LP money but want exposure”
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