If you only focus on the multi-billion dollar valuations of young companies like Pinterest, Uber and Snapchat, you might assume 2013 has been a very good year for tech startups. In reality, it has been more of a bittersweet year.
Many early-stage companies struggled to raise a Series A rounds of funding, a phenomenon commonly referred to as the "Series A Crunch," which for some meant to fight for their survival. Meanwhile, several later-stage companies like Fab and Rdio laid off large portions of their staff to rein in costs.
Even so, plenty of promising startups raised funds and launched (or teased) exciting features this year in markets ranging from mobile payments to media. What's more, the success of Twitter's IPO has boosted investor interest in other social startups and may help revive the market for tech IPOs, which suffered after Facebook's troubled public offering in 2012.
This is a copy of the original Statement Regarding Mt. Gox that was Posted on February 25, 2014 by the Blockchain Team
For immediate distribution: February 24th, 2014 — 10:00 PM ET
The purpose of this document is to summarize a joint statement to the Bitcoin community regarding Mt.Gox.
This tragic violation of the trust of users of Mt.Gox was the result of one company’s abhorrent actions and does not reflect the resilience or value of bitcoin and the digital currency industry. There are hundreds of trustworthy and responsible companies involved in bitcoin. These companies will continue to build the future of money by making bitcoin more secure and easy to use for consumers and merchants. As with any new industry, there are certain bad actors that need to be weeded out, and that is what we are seeing today.