Swarm’s first crowdfunded ventures presented last night at the Rosewood Hotel in Menlo Park.
Not all the ventures are engaged directly in the crypto industry, but their underlying concepts do overlap to varying degrees. The companies, selected by Swarm last month, are Manna, Coinspace, Swarmops, Judobaby and DDP.
As part of the event, Swarm announced that startup funder and incubator Techstars is joining as an investor in the platform’s startups via cryptoequity.
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According to its website, “Techstars provides $118,000 in seed funding, intensive mentorship, and an amazing network of mentors and alumni for 7-10% equity in your company.” Mentors include Twitter CEO Dick Costolo. Out of 417 Techstar companies, 322 are still active and 49 have been acquired.
Said David Cohen, Techstar’s founder, managing partner and CEO:
“Here at Techstars, we couldn’t be more excited about the future of Bitcoin technology as applied to crowdfunding,” . “We believe that Swarm’s innovative fundraising model has the possibility to completely transform the venture capital industry, and we want to help make this happen. That’s why we are making the world’s first fund investment via crytoequity.”
Notable programs include the Disney and Barclays Accelerators.