Why I Backed a Bitcoin Start-up

[cryptocurrencylive]

Why I Backed a Bitcoin Start-up

http://www.forbes.com/sites/juliemeyer/2014/08/19/why-i-backed-a-bitcoin-start-up/

[Mats8500]

Wow,

That's awesome publicity for Bitcoin.

[iluvpie60]

very good to see forbes have some positive things to say about this. yay.

bitcoin startups like others can fail and a lot have failed. just keep that in mind before u send someone your coins because some things r 2 good to be true.

[rz20]

I can't read the article it says 404 not found.

[Honeybooboo]

I can't read the article it says 404 not found.

Same for me. Tried goolging for an alternative but nothing. Can someone copy and paste the article here for us?

[KIRAZ]

I can't read the article it says 404 not found.

Same for me. Tried goolging for an alternative but nothing. Can someone copy and paste the article here for us?

Got a cached page of that Article here, you can read it there.  
http://webcache.googleusercontent.com/search?q=cache:http://www.forbes.com/sites/juliemeyer/2014/08/19/why-i-backed-a-bitcoin-start-up/

[hua_hui]

BTC is the product of our evolution and will be embraced by all of us. Good artical.

[rz20]

I can't read the article it says 404 not found.

Same for me. Tried goolging for an alternative but nothing. Can someone copy and paste the article here for us?

Got a cached page of that Article here, you can read it there. 
http://webcache.googleusercontent.com/search?q=cache:http://www.forbes.com/sites/juliemeyer/2014/08/19/why-i-backed-a-bitcoin-start-up/

Working now thank you,

[GogglesPisano]

very good to see forbes have some positive things to say about this. yay.

bitcoin startups like others can fail and a lot have failed. just keep that in mind before u send someone your coins because some things r 2 good to be true.

Yeah Forbes seems to be pretty good at not following the rest of the mainstream media and bashing Bitcoin. Bloomberg and CNN are the worst for Bitcoin FUD.

[simulacrum]

Forbes has a stable of bloggers that have relative independence on what they write about (hence Jon Matonis using the platform for years).  In this case though it seems like she's had to delete it, maybe because of conflict of interest from her Bitcoin investments?  She's reposted it on LinkedIn: https://www.linkedin.com/today/post/article/20140819143139-12560-why-i-backed-a-bitcoin-start-up

[nino_decoy]

I can't read the article it says 404 not found.

Same for me. Tried goolging for an alternative but nothing. Can someone copy and paste the article here for us?

Got a cached page of that Article here, you can read it there. 
http://webcache.googleusercontent.com/search?q=cache:http://www.forbes.com/sites/juliemeyer/2014/08/19/why-i-backed-a-bitcoin-start-up/

Thanks, was digging around for one and couldn't find.

[BPMich]

Intresting that the article is now deleted

[nino_decoy]

Intresting that the article is now deleted

right?

[LiteCoinGuy]

nice piece, thx for sharing

[ticoti]

I can't read it in the cache either
any other backup?
I wanted to read it 

[franky1]

heres the text of the article for those unable to click links

Why I Backed A Bitcoin Startup

I don’t know how it’s going to happen, but I know it will.   A new financial order is emerging which will be radically more transparent than the system which has not fundamentally renovated itself since the crisis of 2008.    PPI scandals.   Libor rigging.    On and on it goes.   The financial services industry fundamentally lost sight of the simple fact that it is not an industry; it’s a service industry to industry.    Its job is to back the industrialists of the day.

If we look back at history, power has shifted from hierarchies to the common man with the help of productivity tools and access to finance.    The source of power and wealth has always been property ownership.   This has been devolving to the individual slowly, but faster than we realise when we focus on it looking backwards.     Still today, this access to the means of financially enabling our lives is difficult in the so-called developing world (as well as for many in the so-called developed world too).   But boy do they have a desire to leapfrog and catch up.     If you are a young, poor African, you know you have to change the rules of the game to win.    Heck, just to stay alive.  Status quo is going to give you nothing much.

Money is tied intimately with both our identity and specifically our digital identity, but also a country’s sovereignty.       It’s the last bastion of power.    But it’s also empowering, and it has always followed ideas and those who execute those ideas throughout history.

What Bitcoin does as a currency is enable individuals to transfer wealth between themselves eliminating fees and certain controls.    It’s a minor surge towards empowering individuals in the battle between government and the individual.   This battle will be fought long and hard as a new common sense emerges and a new financial order becomes clear.

It wasn’t long after meeting Marcus Swanepoel, a key speaker at this year’s Follow the Entrepreneur Conference, and Timothy Stranex that we started to dig in to Singapore-based BitX, an emerging markets focused exchange which has recently launched in Kenya,  and Switchless, their second plank to their bow focused on developing a strategy for banks to engage with crypto-currencies. We soon realised that the emerging markets where they are based are exactly where the market traction will grow strongest.     Where there’s less at stake (no trillion dollar pension industry, Wall Street, City of London etc), but billions of massively ambitious bottom of the pyramid smart people wanting a ticket upward, widespread adoption could take off like wildfire.

I believe that the banks will not only want to but have to get into the game on Bitcoin and other crypto-currencies.     Students of innovation know two things:    1] innovation always wins – it’s just a question of time, and 2] the layering effect – we still have railroads despite having airplanes, and radio despite having TV’s.   Bitcoin doesn’t replace everything, but it adds to the world – perhaps revolutionary in its fundamental proposition, but evolutionary in its lift-off in  markets.

So Ariadne Capital’s fund, which I am Managing Partner of, decided to back Marcus and Timothy in BitX to be part of creating this new financial order.   As with Monitise, now a >$1 billion market cap firm, Ariadne backed Alastair Lukies, the founder at the MVP.    Lukies wasn’t 100% on the product/market fit, but was 1000% onto the right  market opportunity.   When you have an entrepreneur who is that good, you can do that.

If we fast forward 5 years, there is no question in my mind that banks will be playing a key role in the Bitcoin ecosystem despite the recent European regulators’ view.    Marcus and BitX will be the entrepreneurs who help those banks re-intermediate themselves into their industries, re-imagined as ecosystems, being massively digitally disrupted.

[bitllionaire]

cool to read it
thank you so much
it is really interesting  the question is why was eliminated in forbes

[DeathAndTaxes]

The author has a direct ownership in the companies listed.  Forbes may see that as a conflict of interest (and honestly it is).

[ParsnipCommander]

The author has a direct ownership in the companies listed.  Forbes may see that as a conflict of interest (and honestly it is).

Link is dead

[LiteCoinGuy]

heres the text of the article for those unable to click links

Why I Backed A Bitcoin Startup

themselves into their industries, re-imagined as ecosystems, being massively digitally disrupted.

amazing that they can handle bitcoin