What are bitcoins, everybody asks. The usual answer is “they are
a distributed, semi-anonymous, peer to peer, cryptographic
digital currency” or something along those lines, but there is
another simpler way to look at bitcoins. Bitcoins are a tech
stock – tech because they solve a technological problem and have
a technological use, and stock because they can be bought and
sold on open market. Imagine a startup arrived in silicon valley
one day and said they were going to create a digital currency
which would succeed. A digital currency that overcomes the many
limitations and fatal flaws of all its predecessors. I wonder
how we could quantify it’s value in terms of VC funding, and
once it reached a market cap of $300 Million, its value as an
acquisition? Let’s look at three start ups who received over
$100million each in VC funding. Dropbox has received over $250
Million in venture capital funding, for a service that
essentially stores files. AirBnB, a space rental service
(generally for holidays) has received