On Thursday, July 11, Ultra Light Startups
hosted a successful NYC Bitcoin Pitch Event. Nine entrepreneurs
provided two minute pitches on their Bitcoin start-up businesses.
Graham Lawler and Tatiana Bakaeva of Ultralight hosted the event.
The
evening was structured with nine 2 minute pitches from different
Bitcoin related start ups. At the conclusion of the evening the
audience selected three winners for in-kind prizes. Four panelists,
including Andrew Chang (Founding Partner, Liberty City Ventures), John
Frankel (Partner, ff Venture Capital), Nikhil Kalghatigi (Principal,
SoftBank Capital), and Matthew Witheiler (Principal, Flybridge Capital
Partners) from venture capital firms provided guidance to each start up
following their presentations. Bitcoin related start-up presenters
included, Divya Thakur (Developer, BTX Trader), Shawn Sloves
(Co-Founder, Atlas ATS), Ayoub Naciri (Co-Founder, artaBit), Andre De
Castro (Ecoincashier), Jesse Heaslip (Co-Founder, Bex.io), Aric Fedido
(Founder and CTO, OpenWallet), Kingsley Edwards (LeetCoin), Shamoon
Siddiqui (CEO, Crypto Street), Megan Burton (Founder and CEO, CoinX).
At the conclusion of the evening, Megan Burton of CoinX was selected as the winner and runners up included Aric Fedida of Open Wallet and Shawn Sloves of Atlas ATS.
First
prize went to Megan Burton who used her two minutes to discuss her new
company CoinX, a digital currency exchange. CoinX serves as a virtual
currency platform for the buying and selling of Bitcoin, Namecoin,
Devcoin, Litecoin, Ixcoin, PPCoin, Terracoin, and additional digital
currencies. CoinX specifically provides services to buy and sell
digital currencies, accept payment in digital currencies and create a
free Bitcoin wallet.
The overarching purpose of this
first Ultra Light Bitcoin Startup event was to provide necessary tools
and advice to early stage Bitcoin startups. With time allotted to sell
their company, each start-up representative not only practiced their
sales pitch but also then received guidance from the panel on how to
refine their investor pitch. The four venture capitalists on the panel
then provided insight on how investors evaluate startups. With the
Bitcoin currency growing in prominence, Ultra Light Startups made a wise
decision to carve out an evening to feature Bitcoin startups.
Ultra
Light Startups events take place the second Thursday of each month in
New York and Boston. Events on average have an audience of around 150
to 250 attendees. Ultralight Startups ventured into the world of
Bitcoin on July 11 and were pleased with the results as well as the
opportunities that will follow from this step.
Source : http://bitcoinmagazine.com
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