Starting a company in the Bitcoin world is not that hard these days. All one needs is a good idea, and a proof-of-concept to show this idea is valuable to begin with. But the biggest challenge for most startups is to raise enough funding, as day-to-day operations can be quite costly. Rather than looking for VC funding, there are other alternatives well worth exploring by Bitcoin entrepreneurs. Also read: OpenBazaar in Depth: Interview with COO
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Blockchain startup competitions are an integral part of the Bitcoin ecosystem, as these types of events will drive future technological innovation in this industry. Coming up with new and creative use cases for blockchain technology is a difficult task, but when groups of developers are put together to share their ideas, interesting concepts can become a reality. A new blockchain startup competition has been announced by d10e, taking place in Amsterdam on February 18, 2016.
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Startups are the next hot commodity when it comes to investing in people – and projects – that could become the next Google, Facebook, Twitter, or Uber. However, all of those startups are in need of funding, and that money has to come from somewhere. Young startups based in the US can rejoice, as AngelList announced a new US$400m fund, backed by one of China’s largest private equity firms. Also read: Wynd Creates Modular Restaurant