Bitcoin – The Investor vs. The Acquirer
Back in 2013, Dave Ripley became fascinated with Bitcoin. The cryptocurrency market was gaining notoriety and Ripley and a friend decided to start Glidera, a company focused on creating tools to help developers integrate cryptocurrency.
Ripley and his partner applied for and won a spot in Techstars, an accelerator that takes between 6% and 8% equity in the businesses they accept in return for access to an intensive start-up curriculum and a network of advisors.
They sold another chunk of the company to a group of Techstars advisors and finally sold the whole business to Kraken, one of the world’s largest bitcoin exchanges.
In this episode, you’ll learn:
- The difference between pitching your company to an investor vs. an acquirer
- Why Bitcoin is growing as an alternative to the world’s fiat currencies
- How accelerators like Techstars work
- How not to get taken advantage of in the incestuous world of angels