Internet of Things startups have had little trouble finding seed money lately, with overall venture capital surpassing the $ 1 billion mark in 2013 alone, according to CB Insights.
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(Insider Story)
Network World Colin Neagle
In a sideshow within a marketing sideshow here at CES—the “Bitcoin pavilion” at an event called the Startup Debut—a small collection of Bitcoin-related startups showed off various attempts to capitalize (and monetize) on the interest in the crypto-currency.
One of those companies is Lamassu, the creators of a device that works the opposite way—it lets people turn hard currency into bitcoins, sent directly to their chosen address. The Bitcoin Machine, the creation of brothers and co-founders Josh and Zach Harvey, is an automated bitcoin “reverse-ATM.” Simply scan the QR code for your Bitcoin digital wallet, insert bills into the machine, and it will transfer the matching value (at current market rates) of bitcoins to you (minus a small transaction commission).
The machine runs an embedded Linux OS on an ARM processor, but the actual transactions take place on Lamassu’s servers. So far, over 130 have been sold worldwide, and 43 have been deployed everywhere from Canada to Kyrgyzstan.
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Computer security startups catch venture capitalists' eyes
Bend Bulletin Big companies are expected to spend $ 32.8 billion on computer security this year, up 9 percent from last year. Small and medium-size businesses will spend more on security than other information technology purchases in the next three years, according … |
Dave / Master of 500 Hats:
Startups & VCs: Learn How to Design, Market, & Eat Your Own Consumer Internet Dogfood — Haven’t really gotten on a rant in awhile… guess i’ve been doing a lot of travel lately, but now that i’m back in California for awhile, there’s something i’ve been meaning to bring up that bothers me.