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Community ownership of platforms - Enabled by crypto-currency.

Added over 2 years ago | As appeared first on techcrunch.com | Author: KimMai Cutler
The thought of using crypto-currencies to back shares of a company first crossed Y Combinator head Sam Altman's mind about two years ago. "It was an idle thought that popped into my head," he said. "It was not until Reddit reached out to me about fundraising that I thought about it again." So when he decided to lead Reddit's $50 million Series B round today, it was a chance to put this concept to the test. He said that over the years, many community-based and social networking companies have ...
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