Swarm's first selections present in Silicon Valley, Techstars invests

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.

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 Bitcoin While some may still be wondering what is Bitcoin, who created Bitcoin, or how does Bitcoin work, one thing is certain: Bitcoin has changed the world.No one can remain indifferent to this revolutionary, decentralized, digital asset nor to its blockchain technology.In fact, we’ve gone a long way ever since a Florida resident Laszlo Hanyecz made BTC’s first official commercial transaction with a real company by trading 10,000 Bitcoins for 2 pizzas at his local Papa John’s.One could now argue that While some may still be wondering what is Bitcoin, who created Bitcoin, or how does Bitcoin work, one thing is certain: Bitcoin has changed the world.No one can remain indifferent to this revolutionary, decentralized, digital asset nor to its blockchain technology.In fact, we’ve gone a long way ever since a Florida resident Laszlo Hanyecz made BTC’s first official commercial transaction with a real company by trading 10,000 Bitcoins for 2 pizzas at his local Papa John’s.One could now argue that Read this Term technology as applied to Crowdfunding Crowdfunding Crowdfunding is defined as funding of a project via raising smaller denominations of money across a large body of number of people.New businesses that need access to more capital may also conduct crowdfunding. Generally, crowdfunding is performed through an online community, social media, or crowdfunding websites such as Kickstarter, GoFundMe, and RocketHub. Depending upon which jurisdiction an investor resides within will dictate the sort of restrictions that are applied to the crowdfunding pro Crowdfunding is defined as funding of a project via raising smaller denominations of money across a large body of number of people.New businesses that need access to more capital may also conduct crowdfunding. Generally, crowdfunding is performed through an online community, social media, or crowdfunding websites such as Kickstarter, GoFundMe, and RocketHub. Depending upon which jurisdiction an investor resides within will dictate the sort of restrictions that are applied to the crowdfunding pro Read this Term,” . “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.