Silicon Valley is betting big on virtual currency. Developers have been launching new Bitcoin projects at a rapid pace, and now a crop of incubators such as 500 Startups and Boost has emerged hoping to discover the next great idea in the space.
The latest to enter the fray is Plug and Play Tech Center, a California-based startup accelerator that in early March will commence a three-month program to help entrepreneurs build businesses around the cryptocurrency. The Plug and Play Bitcoin Accelerator will host its first group of five startups in the Tech Center's Sunnyvale, California, flagship space. Each startup will receive a $25,000 seed investment for a 5 percent stake, but Plug and Play founder and CEO Saeed Amidi says his organization is willing to invest $100,000 to $500,000 for the right company.
To read the original article: The Place Where Bitcoin Startups Are Born | Inc.com
