How Coinbase Became the Top-Funded Bitcoin Startup

Less than two years ago, Brian Armstrong had to struggle just to explain the idea of Bitcoin to investors. On Thursday, his startup announced that it had raised what may be the largest funding round to date in the Bitcoin space.

Coinbase, a startup that provides a digital wallet for Bitcoin transactions, revealed that it has raised $25 million in a Series B funding round led by Andreessen Horowitz, the VC firm founded by Netscape founder Marc Andreessen. The funding is seen as another vote of confidence for the Bitcoin startup space from one of the most influential venture capital firms in Silicon Valley. But it's also a testament to the vision that Armstrong and his team had early on Read more...