Swarm (http://www.swarmcorp.com/) is the world’s first distributed incubator that lets companies raise funds by issuing their own cryptocurrencies. Swarm just wrapped its first-ever Decentralized Demo Day and announced Techstars as the first-ever institutional investor to back its native token, Swarm Coins.
At the demo day Swarm launched five separate start ups simultaneously. This was done on their their own Swarm’s platform by using the crowdsale model. Alongside the crowdsale the startups were presenting demonstrations for the attendees, followed by live Q&As. The demo day was organised at the legendary Rosewood Hotel in the heart of Silicon Valley’s Venture Capital hub, Sand Hill Road. This is were the most daring, disruptive innovators from the Silicon Valley underground are located..
“ We couldn’t be more excited about the future of Bitcoin technology as applied to crowdfunding,” said David Cohen from Techstars., David is the founder, managing partner, and CEO of Techstars. “We believe that Swarm’s innovative fundraising model has the possibility to completely transform the venture capital industry, and we want to help make this happen. That’s why we are making the world’s first fund investment via crytoequity.”
We at CryptoArticles have a good standing friendship with the Swarm group and we believe in the Swarm concept. We wish the startups good luck with their endeavours.
List of the start ups:
· Manna – a developer of smart personal drone networks
· Coinspace – an operator of a decentralized cryptocurrency workplace
· Swarmops – a decentralized organizational management software platform
· Judobaby – a decentralized gaming platform
· DDP – a decentralized “dance party”