There's a hell of a lot more money being invested into mobile payment start-ups than any start-ups related to bitcoin. That's for sure.
+1
A friend of mine just started working for a new start-up that just received a large investment to create a mobile payment product for use in a Latin American country.
+1 true, vc money is raining down on mobile payment start-ups, and a lot of them fail anyway. i had talks to a vc company earlier this year. they had no clue what bitcoin was. we tried to explain.
vc: "but if there are only 21 mio ever created, this can never fuel an economy"
us: "no, that does not matter, you can devide bitcoins into smaller fraction.... ...down to a satoshi..."
vc: "but deviding them does not make more bitcoins available"
us: "it does, it will be smaller fractions of a bitcoin.... (trying to explain like to kid)
vc: "nah, i don´t believe it"
us: "but it is a fact,..."
vc: "you say it is a fact, i don´t believe it"
us:
that was the head of a very succesful vc company. we could hardly explain our business idea, since we had to explain the bitcoin project. whenever you talk to vc in europe, be prepared...