Archive: First Stage Investor
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Portfolio Update: Taking Profits on Bcash (Bitcoin Cash)
By Adam Sharp on November 30, 2017
We’ve done quite well on our Bitcoin Cash (also called “Bcash”) position, and I have decided now is the time to take profits. Important: The Bcash ticker on Bittrex (our recommended exchange) is BCC. It may vary depending on your exchange. Just be sure you’re selling Bitcoin Cash, NOT bitcoin (BTC). I’ve spent a lot of time evaluating Bcash as a threat to the original bitcoin, and I’ve come to the conclusion that it is no longer a necessary hedge…
Who Screams the Loudest in the Cryptocurrency Debate?
By Cory Templeman on November 16, 2017
Dear First Stage Investor, On November 1, our fearless Co-Founder Andy Gordon called out the mainstream media in regards to the cryptocurrency debate. Like anything new and revolutionary, cryptocurrency has its believers and its skeptics. Both are making a ruckus. The mainstream press isn’t helping matters. As far as…
Bitcoin’s Next Fork Canceled
By Andy Gordon on November 9, 2017
Bitcoin’s fork, which was scheduled to take place on November 16, has been canceled. Support for the fork simply faded. Criticisms came mostly from longtime developers. Interestingly, many of them still agreed on the idea of larger blocks, which the new protocol would have provided. But they felt bullied and…
Last Chance to Invest in Arbit
By Andy Gordon on November 6, 2017
Arbit’s fundraise on MicroVentures ends at midnight on Tuesday, November 7. If you haven’t invested yet, this is a reminder that time is running out. We recommended Arbit in mid-October, and in a short amount of time it has nearly completed its raise goal of $700,000. Combining…
Terminology You Need to Know for Bitcoin’s Next Fork
By Andy Gordon on November 2, 2017
Dear First Stage Investor, Bitcoin’s next fork is happening in a couple of weeks. You’ll be hearing plenty from us on it, including what to expect and how it could affect you. There will be plenty of articles in the popular press too. To get you started, I thought it…
Last Chance to Invest in Scrap Connection and Keen Home
By Andy Gordon on October 26, 2017
Dear First Stage Investor, Scrap Connection’s fundraise on Wefunder ends at 11:59 p.m. next Tuesday, October 31. We recommended Scrap Connection back in February. Not surprisingly, like everything else it does, Scrap Connection has conducted a very successful raise, which is now nearing $900,000. Scrap Connection is…
ICO Market Now Greater Than $3 Billion in 2017… But Be Mindful
By Adam Sharp on October 19, 2017
Initial coin offerings (ICOs) show no sign of slowing down. According to Bloomberg, this time last month the amount raised from ICOs surpassed $2 billion. It’s now moved north of $3 billion in that short amount of time. In total, investors have contributed more than $3 billion to more than…
New Recommendation: Arbit
By Andy Gordon on October 18, 2017
Deal Details Minimum investment: $100 Investment type: Crowd SAFE (convertible note) Valuation cap: $5 million Discount: 20% Deadline: November 7, 2017 Investment portal: MicroVentures Conversion provisions: In connection with an equity financing of at least $1 million, the company has the option to convert the Crowd…
Must-Read Stories of the Week
By Andy Gordon on October 12, 2017
This week, I wanted to share five stories from the world of cryptocurrencies and private equity that caught my eye this week. Scouring the web for good insights is a key component of my research, and I want to pass that information along to you. Let’s get started……
New Recommendation: Jetpack
By Adam Sharp on October 11, 2017
Deal Details Minimum investment: $50 Investment type: Crowd SAFE (convertible note) Valuation cap: $3 million Deadline: October 27, 2017 Investment portal: Republic Dear First Stage Investor, We are living in an increasingly on-demand world. People want and need things right away. This is especially true on…
Banks Stepping Up Their Use of Blockchain Technology
By Andy Gordon on October 5, 2017
I still can’t decide what JPMorgan’s Jamie Dimon was thinking when he recently dissed cryptocurrencies. He dubbed bitcoin a “fraud.” Was it cluelessness? Self-interest? Fear? If he feels that banks and cryptocurrencies can’t coexist, why is his own bank partnering with privacy-focused cryptocurrecy Zcash? (See my last post here…
Addressing Missed Opportunities
By Andy Gordon on September 28, 2017
In early September, I recommended a rising startup called Balance. In a nutshell, Balance is capitalizing on the growth of cryptocurrencies and the blockchain by making the platforms easier to use. Here’s my original recommendation that explains Balance in more detail. I was so bullish on Balance that I…
The Bitcoin Rally Is Back
By Adam Sharp on September 21, 2017
Last week, the price of bitcoin dropped sharply after Chinese officials announced they would be closing most cryptocurrency exchanges. In the update we sent Friday, when bitcoin had dipped to around $3,000, I said this was no reason to panic, and definitely not a reason to sell. In fact, we…
A Second Chance to Invest in a Now $130 Billion Disruptor
By Andy Gordon on September 14, 2017
The September issue of First Stage Investor hit your inbox last Friday. I hope you’ve already dipped into it. If you haven’t, you’re missing out on seeing me do something I’ve never done before… Double down on a startup recommendation. To tell you the truth, it wasn’t that hard of…
A Volatile Week for Cryptocurrencies
By Adam Sharp on September 7, 2017
I have just a quick update for everyone this week. I’m in Washington, D.C. today and tomorrow, where my friends at The Oxford Club invited me to speak to some of their Members about cryptocurrencies and equity crowdfunding. It was a volatile week for cryptocurrencies. Bitcoin briefly touched a new…
New Recommendation: Balance
By Andy Gordon on September 5, 2017
Deal Details Minimum investment: $100 Raising up to: $1 million Valuation: $10 million cap (the max your investment will convert into shares at a future equity fundraise) Industry: Blockchain Investment portal: Wefunder Dear First Stage Investor, Balance, the company we’re recommending to you…