September 10, 2014 Comments Off on Doing well by doing good
Index Ventures, one of the leading venture capital firms in the world, is known for its investments in high profile tech companies such as, Skype, Dropbox, Secret and Etsy. Yesterday, the firm surprised everyone when it announced that it has led a $21 million Series B funding round in Good Eggs, a platform that allows customers to order fresh farm-grown food online. What made Good Eggs attractive to Index Ventures? According to Danny Rimer who led the investment round for Index Ventures, it was social responsibility. Index believes in “doing well by doing good” and seeks to make a difference in the world. Danny also noted that businesses with a social responsibility at the core tend to perform better than those which are only after profit.
Read about the funding here.
August 11, 2014 Comments Off on Is bitcoin the currency of the future?
We’ve all heard about bitcoin. If you’re a techie, you might have mined and used it. Despite being hacked and stolen many times in the past, the tech community continues to champion its use, while governments around the world struggle to control it.So what is bitcoin? Bitcoin is a virtual currency that utilizes cryptography for security. Unlike cash, bitcoins are not issued or regulated by a central bank and therefore it’s immune to manipulation. Like traditional forms of currency, bitcoins can now be used to make purchases online and in physical stores. What’s more, bitcoin is now legal in more than 20 countries including the United States, Canada, Australia, Japan and the UK. Investments in bitcoin-related businesses are likewise taking off. Last month alone, Andreessen Horowitz invested $2.8 million in Tradeblock, an online cryptocurrency data provider while Greylock Partners and Index Ventures infused $20 million in Xapo, an online bitcoin wallet service. Analysts predict that based on the amount of funding being poured into bitcoin businesses to date, total investments in bitcoin are expected to reach as much as $250 million this year.
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