Bitcoin Conference Pitch Day – Bitcoin Magazine: Bitcoin News, Articles, Charts and Guides

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Bitcoin Pitch Day 2021 was a platform for the next generation of Bitcoin startups to test their ideas and products in a competitive format.

Taking place during Whale Day at the grounds of “The Deep,” the Pitch Day contest featured companies ranging from a weather betting website to a derivatives exchange, pitching their ideas to a panel of venture capitalists. representing some of the most active investors in the Bitcoin Ecosystem. Each of the participating projects pleaded for the panel’s investment, with the optimism that their startups could, alongside Bitcoin, change the world and launch them to whale status themselves.

The 12 startups were chosen from a pool of more than 140 applications from around the world. Divided equally into two divisions, “hyperbitconisation” and “infrastructure”, each company had ten minutes to present its case and answer questions from the panel. After the conclusion of each segment, the panel of judges deliberated before deciding the first and second place winners. The two winners in each segment received a trophy, as well as full tuition fees to attend “Draper University,” a 16-week entrepreneurship program started by venture capitalist and pitch day judge Tim Draper.

The first segment featured the companies Citizens of Bitcoin, 5 Day Forecast, Satoshi’s Games, DIBA Global Inc., Bitmatrix, and Shock Network Inc. Although each company’s missions varied, they were all united under the umbrella of advanced hyperbitcoinization. . The jury was made up of Draper (founder and managing partner of Draper Associates), Oleg Mikhalsky (partner at Fulgur Ventures), David Roebuck (venture principal at Wave Financial) and Paul Veradittakit (partner at Pantera Capital).

The judges walked away with a lot of good things to say about Pitch Day 2021. Veradittakit said, “The startups in the pitch day competition were awesome and focused on innovative use cases. Overall, the experience of judging with the other judges and interacting with the startups has been very fruitful.

The winner of the hyperbitconization contest was Satoshi’s Games, a gaming platform based on the Lightning Network. 5 Day Forecast, a betting site that allows users to bet on the weather using Bitcoin, took second place. While Citizens of Bitcoin didn’t rank in the top two of its respective competitors, its founder and CEO, Rogelio Caceres, also had some positive things to say about the experience.

“We really enjoyed the Bitcoin 2021 conference and highly recommend it,” he said. “The experience of competing as a finalist at Pitch Day, as the only Miami-based startup selected, as well as sponsorship of a booth, exceeded our expectations. In fact, we have generated almost $ 500,000 in revenue from the new clients we have met at the conference to date.

The second segment included the companies D2X Group, Moon, Liquid Ventures, 24 Exchange Bermuda Ltd., Sazmining and Bitex. Each of these companies is focused on improving Bitcoin’s existing infrastructure. They were judged by Matt Roszak (founding partner of Tally Capital), Kevin O’Leary (chairman of O’Shares Investment Advisors and judge of ABC’s “Shark Tank”), Christopher Calicott (managing director of Trammell Venture Partners), David Lee (Head of Samsung Next and Samsung EVP) and Tyler Evans (Co-Founder of BTC Inc. and Managing Partner at UTXO Management). 24 Exchange, a bitcoin trading platform, won first place in the infrastructure competition. Moon, a virtual payment card that allows users to earn, save, and spend bitcoin, was second.

“The pitch competition has been especially valuable in introducing our company to investors deploying capital to Bitcoin startups,” said Moon CEO and Founder Ken Kruger. “We obtained funding from investors during the pitch competition. ”

If you would like to be considered for a niche on stage, we encourage you to apply for Bitcoin 2022 Pitch Day here! The settings for attendees are open and flexible, so feel free to apply whether you’re an individual with an idea, a company raising a Series B, or somewhere in between.

Bitcoin Magazine is operated by BTC Inc, which also hosts the Bitcoin Conference series.

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