Multi-Billon Dollar “Bug Bounty” “You know what a “bug bounty’ is? Someone says, “If you hack my system, I’ll give you a million dollars.’ So Bitcoin is now a nine-year-old multibillion-dollar bug bounty, and no one’s hacked it. It feels like pretty good proof.” –Chris Dixon, general partner at venture capital firm Andreessen Horowitz; “Beyond...Read More
Venture Capital Math: Does the Start-Up Whole Equal the Sum of Its Parts? If I sold you 4% of my start-up company for $40,000, does that make my company worth $1 million? By Silicon Valley math, the answer is “yes.” Now, add three zeroes, and you have the (tenuous) case for lodging start-up Airbnb being...Read More
