24 May 2013. Welcome to PYMNTS.com’s VC Voices: a weekly column where we bring you commentary from the best of the best around the world of payments investment. Want to know what the biggest backers of our industry’s innovators and disrupters think? We give our VCs 500 words of unedited space to do with as they please, so you’ve come to the right place.
In our inaugural edition last week, we heard from Dan Rosen, general partner at Commerce Ventures, about his experiences at FinovateSpring 2013.
This week, we’re joined by Matt Witheiler, principal at Flybridge Capital Partners, who gives us his take on the Bitcoin boom and what government intervention in Mt. Gox’s business means for the industry.
By Matt Witheiler, Principal, Flybridge Capital Partners
Bitcoin is all the rage these days in the VC community. What started with some mild investor attention a year ago, around the time Dwolla raised their $5 million Series B financing from A-list investors, came to froth-like levels in the past month with high profile investors like Chris Dixon proclaiming that, thanks to Bitcoin, “finally something interesting is happening in financial tech.” Slowly over the past year, Bitcoin has gone from a hacker cottage technology to being the darling of the VC industry. Excitement around the alternative currency seemed insatiable – until last Tuesday. - Read more here: http://www.pymnts.com/briefing-room/issuers/virtual-currency/2013/vc-voices-bitcoin-and-blood-pressure
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