500 Startups, a startup accelerator and investor specializing in early-stage companies, has revealed the list of firms that have been selected to be part of its program.
Out of the 29 firms, five companies involved in bitcoin have been selected for the startup accelerator in Mountain View.
The list of five firms includes Coinalytics, GogoCoin, Neuroware, Monetsu, and Bonafide.
Accepted firms will have the chance to obtain funding up to $250,000 and gain from the knowledge of industry professionals who will offer mentorship and guidance in various areas including product creation, business strategy, and increasing brand awareness.
500 Startups, led by Dave McLure, a former executive at PayPal, has made investments in multiple startups to demonstrate its dedication to diversity within its portfolio of investments.
The team's expertise covers diverse industries including 3D printing, hardware, enterprise, marketing, mobile games, fin
...ance, telecom, and more.
Lytics has recently emerged as one of the leading bitcoin firms that offer analytics solutions. They are dedicated to producing comprehensive research reports on the bitcoin industry through their expertise in 'big data'. As part of their acceptance into the prestigious 500 startups program, they have secured a funding of $100,000. Excitingly, they have announced that their product will go live in August.
Bonafide is developing fraud prevention tools for bitcoins and other crypto currencies, with a focus on community-based solutions. The main objective of their product is to provide a rating system for recipients of bitcoins, including non-profit organizations accepting donations and service providers, in order to determine their authenticity.
GogoCoin offers prepaid bitcoin cards to make buying bitcoins easier. Tom Longson, the founder of the company, spoke about his product and their partnership with Coinbase during a pane
discussion about bitcoins on This Week in Startups in December.
Monetsu is focused on developing secure payment bitcoin solutions. Through Monetsu, users can sign in and securely connect with other networks without the need for divulging password information.
Neuroware is developing an open source solution for digital currencies and calls themselves the "WordPress of Bitcoin". They aim to create community-based projects to explore digital currencies together.
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