|By Marketwired .||
|February 21, 2014 11:30 AM EST||
SANTA MONICA, CA -- (Marketwired) -- 02/21/14 -- Today, digital currency pioneer Brock Pierce announced his Bitcoin Syndicate has achieved Top 10 status on AngelList in just one month since inception. The Co-Founder of GoCoin, ExpressCoin, KnCMiner.cn, and Robocoin Asia, Pierce is an active evangelist for the Bitcoin economy.
A 15x entrepreneur and prolific angel investor, Pierce has rapidly ascended to the top of AngelList's leaderboard. His Bitcoin Syndicate currently ranks 8th overall with $500,000 in support from 22 notable backers including Sean Percival, W Bradford Stephens, Matthew Roszak and David Johnston, among others.
Pierce is personally committed to investing in 12 Bitcoin-related startups this year, with an average of $50,000 per company. To qualify, a company must be contributing to the digital currency ecosystem in some way. Angels can join the Syndicate with a minimum $5,000 investment.
Pierce says his AngelList Syndicate is, "All for the benefit of Bitcoin." He continues, "AngelList Syndicates are perfectly aligned with Bitcoin's ideology. They democratize the system so everyone has access to high value dealflow; it's the power of the people. By syndicating my best deals we can collectively raise more money faster, and have a substantial impact on startups in the Bitcoin ecosystem."
The Investment Landscape for Bitcoin
At the end of last year, Pierce stated that of all emerging technologies, Bitcoin would receive the most venture capital in 2014, and the numbers are already in his favor. Andreessen Horowitz has invested just under $50 million in Bitcoin-related startups, Accel Partners and General Catalyst are backing Circle, Founders Fund and Lee Ka-shing's Horizons Ventures are investing in BitPay, and 500 Startups has made a commitment to Bitcoin with new Venture Partner, Sean Percival.
To join Brock Pierce's Syndicate, visit: https://angel.co/brockpierce
About Brock Pierce
Brock Pierce has raised more than $200 million on behalf of his companies and led more than 30 acquisitions. He founded IMI Exchange, the world's leading digital currency marketplace with sales exceeding $1 billion annually; ZAM, one of the world's largest media properties for gamers with more than 15 million monthly users which sold to Tencent in 2012; and IGE, the company credited with pioneering the market for digital currency in online games, which generated $100 million in revenue in 2006 and was sold in early 2007.
He is Co-Founder of GoCoin, ExpressCoin, KnCMiner.cn, and Robocoin Asia, and the City Leader for BitAngels Los Angeles. He is also a Managing Director of the Clearstone Global Gaming Fund and Board Member for the Mastercoin Foundation.
The GoCoin international payment platform enables merchants to reap the benefits of accepting digital currency eliminating credit card fraud and identity theft. GoCoin removes all of the perceived risk by accepting the digital currency on behalf of merchants and clearing the payments instantly via their sophisticated proprietary back end systems. GoCoin processes Bitcoin and Litecoin payments for online and brick and mortar retailers, bypassing the often cumbersome and insecure options of outdated payment systems like credit cards and stored value systems.