What does the Bitcoin industry look like from a big investor’s perspective? What do VCs find interesting in the space and what attributes are they looking for?
Scott Robinson is a founder, director and VP of fintech at Plug and Play Tech Center, the Silicon Valley startup accelerator and venture capital company. He’s also a big believer in Bitcoin’s potential and plays an active role in developing its infrastructure.
Plug and Play was well-known in tech circles long before Bitcoin, with investments in big names like PayPal and Dropbox. These days it has a broad innovation focus covering A.I. and Internet of Things as well as fintech.
More than just an investor, it has created an entire ecosystem for tech startups to prosper.
What Should Bitcoin Startups Do, and How to Benefit?
So far Plug and Play has invested in Purse, 37Coins, Peerpal, HolyTransaction, Netki and BitWage, among several others. One of its main strengths is its corporate network that includes many large financial institutions, opening up even more opportunities for the startups it accelerates or invests in.
Scott also explains how startups can leverage their position and work with corporates in a way that benefits them more than most VC deals — and about how the business community is approaching Bitcoin businesses. Are they an opportunity or a risk?