Tagged: tim draper

Bitbounce Launches New Cryptocurrency Exchange: CredoEx

Tim Draper backed Bitbounce is launching a new cryptocurrency exchange. Bitbounce may be best known for the issuance of Credo tokens via an initial coin offering in 2017 that raised $11+ million. Bitbounce’s first focus was a cryptocurrency spam solution using the Credo token to… Read More

Switzerland and the Global Regulatory Competition for ICOs

The CryptoSummit 2018 organized by Blockchain startup Smart Valor gathered more than 1,000 attendees from 47 countries in Zurich. One of the recurring themes of the conference presentations was the regulation of Initial Coin Offerings (ICOs). Many participants pointed out that there is now an… Read More

Blockchain Payments Infrastructure OPEN Gets Backing from Tim Draper’s Dragon Fund

OPEN, a blockchain payments infrastructure for apps, has received the backing of Tim Draper’s Draper Dragon Digital Asset Fund, according to the company. Draper is a huge investor in the crypto space. While the amount of the investment was not shared, Draper’s Dragon Fund typically… Read More

Blockchain-Based Data Exchange C2B Datawallet Celebrates $40M Token Sale

Datawallet, a leading C2B blockchain-based data exchange, announced that its DXT token sale has sold out after reaching its goal of $40 million USD. The pre-sale, which started on January 22, 2018, was available to Datawallet’s earliest supporters on a first-come-first-served basis, with the final… Read More

Fresh from $6.5M Round, NYC Fintech EquityZen CEO Atish Davda Discusses Investment Access and Liquidity for All

EquityZen, a New York-based Fintech firm that operates a secondary marketplace for company-approved transactions in pre-IPO stock, has a mission: to improve the way startup employees are paid by unlocking the value of their equity compensation in a way that benefits all key players, including the… Read More

Another Day, Another Class Action: Tezos ICO Sued by GGCC, LLC in California

The Tezos legal battle continues as the Restis Law firm in San Diego, along with Lite DePalma Greenberg, have filed a class action law suit in the state of California on behalf of GGCC, LLC against Dynamic Ledger Solutions (DLS), Tezos Stiftung (a Swiss Foundation), Kathleen Breitman… Read More

Florida Law Firm Files Class Action Against Tezos ICO

The Tezos Initial Coin Offering (ICO) has been hit with another class action filing, this time in Florida. Filed by the law firm of Silver Miller in Coral Springs, the legal action is on behalf of plaintiff Alejandro Gaviria. The suit names founders Kathleen and… Read More

Crowdfunding TV Show “Meet the Draper” Set to Premiere on Sony Entertainment Television This Weekend

Meet the Drapers, a crowdfunding TV series that allows “regular” people to become investors, is set to premiere this Sunday (November 19th) on Sony Entertainment Television.  As previously reported, Meet the Drapers will include the participation of Bill Draper, who was a founding investor in… Read More

The SEC, the ICO and Avoiding the ICU: A Call for Leadership and Action

As a securities lawyer and a sometimes advocate for smart regulation of capital formation, I must confess: When it comes to addressing the current state of the Initial Coin Offering (ICO) marketplace, I believe that market participants face a crisis of growing proportions. No Hype… Read More

ICOs are Securities: Token Based Offerings Poised for a Rude Awakening as US Regulators May Soon Act

The US Securities and Exchange Commission (SEC) pumped their regulatory brakes on Initial Coin Offerings (ICOs) earlier this year. Pointing to the DAO debacle, the Feds said if a tokenized offering is a security it will be regulated, end of story. This  statement was a long… Read More

Bitbounce Adds Tim Draper to Board of Advisors

Following the successful Initial Coin Offering (ICO) of Credo Tokens, BItbounce is announcing that Tim Draper, a prominent VC active in the crypto space, has joined their Board of Advisors. Draper was an early backer of Bitbounce, investing in the Credo ICO this past summer…. Read More

Credo Closes ICO at $12 Million in ETH

The Credo Initial Coin Offering (ICO), by Bitbounce, closed last week after raising a total of approximately $12 million dollars worth of Ether. Organizers had indicated their target amount for the ICO was $10 million. The offer was launched just as the US Securities and… Read More

Credo ICO is at $8.3 Million, Organizers want to top $10 Million

The Credo Initial Coin Offering (ICO), listed on Bitbounce, is in full swing having currently raised over $8 million.  But Credo organizers want more. In less than 3 5 days, Credo wants to push that number to over $10 million. According to a note distributed by… Read More

Here is Tim Draper’s Open Letter to the SEC Regarding ICO Regulation

Tim Draper, a well known Venture Capitalist who is very active in Fintech, posted an open letter last week addressed the Securities and Exchange Commission regarding the recent comments on regulating Initial Coin Offerings. The letter was published in conjunction of the launch of the… Read More

Credo ICO Pushes Forward as SEC Warns Sector of Possible Enforcement Actions: Stewart Dennis Responds to SEC Announcement

The Securities and Exchange Commission published a report this week that rattled the hot Initial Coin Offering (ICO) sector is still being ingested by both platforms and companies looking to offer bespoke tokens. But as the SEC fired shots across the bow of the ICO… Read More

Tim Draper Invests in Credo’s Initial Coin Offering Set to Launch Tomorrow (July 26)

BitBounce is a cryptocurrency spam solution and Credo is a cryptocurrency that can be used via BitBounce to help manage spam. Credo is preparing to launch their Initial Coin Offering (ICO) tomorrow (July 26th) and the organizers have reported that Tim Draper, via his VC… Read More

Meet the Drapers! Republic Co-Hosts Pitch Event with Prominent VC Family, Accepting Applications Now

Republic, an investment crowdfunding platform founded by AngelList alumni, is collaborating with Sony Entertainment on a new series of pitch events involving the Draper family. And who are the Drapers, you may ask? The Drapers are California based VC’s with a pretty amazing track record…. Read More

New York Fintech Firm EquityZen Secures $6.5 Million During New Financing Round Led By Draper Associates

EquityZen, a New York-based fintech firm that operates a secondary marketplace for company-approved transactions in pre-IPO stock announced on Tuesday it secured $6.5 million during its latest financing round, which was led by Draper Associates. According to the company, the latest financing deal comes as private… Read More

Will Venture Capital Get Napsterized? Tim Draper Talks Equity Crowdfunding (Video)

Prominent venture capitalist Tim Draper, founder of DFJ and Draper Associates, joined Crowdfunder CEO Chance Barnett earlier this month to chat about equity crowdfunding and what it means to the world of early stage / VC funding. Draper believes there is a chance that VCs… Read More

Marketing Platform Autopilot Receives $7M During Recent Funding Round

Autopilot, a multi-channel marketing automation platform, today announced a $7M strategic investment to bring personalized marketing to the masses, increasing total funding to $20.5M. The company aims to fill the void between basic email software and complex marketing software designed for the tech elite, and will use… Read More