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Author Topic: Fred Wilson's 500 BTC donation to the Bitcoin Foundation  (Read 3251 times)
evoorhees (OP)
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November 24, 2012, 04:08:13 PM
 #1

This deserves some more attention probably Smiley

"Fred Wilson (http://avc.com) made a personal donation of 500 Bitcoins to the Foundation."

https://bitcoinfoundation.org/blog/?p=48
Phinnaeus Gage
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November 24, 2012, 04:17:39 PM
 #2

This deserves some more attention probably Smiley

"Fred Wilson (http://avc.com) made a personal donation of 500 Bitcoins to the Foundation."

https://bitcoinfoundation.org/blog/?p=48

Here's a better link: http://gawk.it/search?forum=avc&search_type=blogs&query=bitcoin

Quite frankly, I'm getting tired of correcting your errors.  Grin

Thanks for the post, Erik.

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evoorhees (OP)
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November 24, 2012, 04:20:57 PM
 #3

This deserves some more attention probably Smiley

"Fred Wilson (http://avc.com) made a personal donation of 500 Bitcoins to the Foundation."

https://bitcoinfoundation.org/blog/?p=48

Here's a better link: http://gawk.it/search?forum=avc&search_type=blogs&query=bitcoin

Quite frankly, I'm getting tired of correcting your errors.  Grin

Thanks for the post, Erik.

~Bruno K~


Your link doesn't mention the 500 btc donation, and that post of his was before his donation. So this is new news, Mr. Bruno Smiley
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November 24, 2012, 04:36:41 PM
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This is exciting  Cheesy
ElectricMucus
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November 24, 2012, 05:02:31 PM
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Who the heck is Fred Wilson?
Phinnaeus Gage
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November 24, 2012, 05:10:12 PM
 #6

This deserves some more attention probably Smiley

"Fred Wilson (http://avc.com) made a personal donation of 500 Bitcoins to the Foundation."

https://bitcoinfoundation.org/blog/?p=48

Here's a better link: http://gawk.it/search?forum=avc&search_type=blogs&query=bitcoin

Quite frankly, I'm getting tired of correcting your errors.  Grin

Thanks for the post, Erik.

~Bruno K~


Your link doesn't mention the 500 btc donation, and that post of his was before his donation. So this is new news, Mr. Bruno Smiley

Well, your avc.com doesn't mention any 500 btc donation either, so there. You mess with me one more time, and I'm going to show the community that you got that mask you wear out of Genjix's closet.  Grin

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November 24, 2012, 05:17:24 PM
 #7

"cntrl+f"
"fred"

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Also, Fred Wilson (http://avc.com) made a personal donation of 500 Bitcoins to the Foundation. Wow! Thank you!

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November 24, 2012, 05:18:57 PM
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Who the heck is Fred Wilson?
I would like to know this too...
and what is VC on his page?
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November 24, 2012, 05:27:12 PM
 #9

Who the heck is Fred Wilson?

Are we supposed to know this guy ?

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November 24, 2012, 05:35:32 PM
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Fred Wilson is a big-time tech-focused venture capitalist who founded Union Square Ventures. USV has been involved with investing early in companies such as Twitter, Foursquare, Tumblr, 10gen, Codecademy, and Zynga.

He's definitely one of the highest-profile investors in the Bitcoin space.

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November 24, 2012, 05:37:40 PM
 #11

you guys,  I don't want to be a dick and post a link to LMGTFY but Fred Wilson is a BTC friendly venture capitalist.  A venture capitalist is someone who invents money in start ups. 

"One of the first outspeakers, Fred Wilson, a prominent venture capital figure, noted bitcoin as the next big thing on the internet, according to a wildly popular Wired.com article, illustrating the rise and so called article-publication-time fall of Bitcoin itself."
 - http://technikals.com/bitcoin-receives-venture-capital-attention-indirectly-through-coinbase/706

TECH Venure Capitolists are closely watched by the media so Fred Wilson action's mean:
1.  He believe's a bitcoin buisness will eventualy make him money.
2.  He will bring more main stream media attention to the bitcoin economy.

These are other names you should know.

"Paul Graham is currently the third major technology investor to show support for Bitcoin. The first was Fred Wilson of Union Square Ventures, and the second major investor was Tim Draper."
- http://btcwallet.tumblr.com/post/26255091414/ycombinator-funding-a-bitcoin-startup-coinbase-the

Hope that helps.
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November 24, 2012, 06:19:13 PM
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You are forgetting that Fred Wilson raised a $5 million investment for Dwolla.

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November 24, 2012, 06:19:52 PM
 #13

Fred Wilson is a big-time tech-focused venture capitalist who founded Union Square Ventures. USV has been involved with investing early in companies such as Twitter, Foursquare, Tumblr, 10gen, Codecademy, and Zynga.

He's definitely one of the highest-profile investors in the Bitcoin space.
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November 24, 2012, 07:26:21 PM
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Fred Wilson, is a huge VC. I would like to see a post confirming that he did it and a little insight as to why. Also they say 5 companies got the business membership. Is these 5 companies including Mt. Gox and Bitinstant or excluding them?

Honestly I wish Fred Wilson would directly invest in more Bitcoins companies, if he just handing out 500 BTCs to the foundation, I don't think they deserve that funding, when they have done nothing this far, and the community has brought bitcoins to where it is.

Uh, The Bitcoin Foundation has done nothing? Guess you don't recall that Bitcoin Foundation funding goes in part to finance programmers' work on the Bitcoin client?

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November 24, 2012, 07:29:43 PM
 #15

Good news. Y-Combinator, Union Square Ventures...
But this 500 BTC seem more like to be a private donation, not a official Union Square Ventures investment. What ever, that's good news.
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November 24, 2012, 07:29:50 PM
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Fred Wilson, is a huge VC. I would like to see a post confirming that he did it and a little insight as to why. Also they say 5 companies got the business membership. Is these 5 companies including Mt. Gox and Bitinstant or excluding them?

Honestly I wish Fred Wilson would directly invest in more Bitcoins companies, if he just handing out 500 BTCs to the foundation, I don't think they deserve that funding, when they have done nothing this far, and the community has brought bitcoins to where it is.
500 Btc isn't that much money compared to a programmers yearly  salary...

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November 24, 2012, 07:52:44 PM
 #17

This deserves some more attention probably Smiley

"Fred Wilson (http://avc.com) made a personal donation of 500 Bitcoins to the Foundation."

https://bitcoinfoundation.org/blog/?p=48
Awesome!  Grin
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November 24, 2012, 09:18:44 PM
 #18

lookout. fred wilson, bitcoin foundation, dwolla & illuminati plan to take over bitcoin

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November 24, 2012, 10:01:03 PM
Last edit: November 24, 2012, 11:48:34 PM by BCB
 #19

lookout. fred wilson, bitcoin foundation, dwolla & illuminati plan to take over bitcoin

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November 24, 2012, 11:44:46 PM
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It's great that Fred's publicly supporting the foundation. For one thing, it means Fred likely holds a decent amount of BTC himself.

Remember, that Fred makes his startup investments under the umbrella of Union Square Ventures, and he's not the only partner. From what I understand, if the USV partners are not unanimous on an investment, they don't make it. So it's possible that while Fred might be interested in investing in more companies in the bitcoin space, his partners may not yet be on board.
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