Boost VC, the San Mateo-based bitcoin investment firm headed by Adam Draper, has picked 24 startups for its latest batch of brand-new bitcoin companies, bringing its overall portfolio to 50 business.
Boost VC's People 5 started its three-month startup accelerator and mentorship intensive yesterday, as reported by Upstart Company Journal. According to Draper, the company remains bullish on bitcoin and has no plans to stop buying brand-new startups and ideas.
“While some individuals may have backed off of bitcoin a bit, we doubled down,” Draper informed the publication in an interview. “We just bought twice as many companies as anybody has ever purchased bitcoin. We broke our own record.”
Continue reading at CoinDesk