At the Bitcoin 2013 conference in San Jose, Calif., last May, Michael Terpin noticed something missing. At the conference, digital wallet and Bitcoin exchange service Coinbase had announced a $6.1 million Series A round led by Union Square Ventures. But while capital raising firms such as for example Union Square had begun to create big investments in Bitcoin startups, no band of angel investors — who are often the first ever to give promising early-stage companies a financial boost — had risen to support this growing community.
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