Bitcoin’s Biggest Bet: Andreessen Horowitz Leads $25 Million Investment in Coinbase

Get ready for a lot more venture capital flowing into bitcoin-related startups, starting … now!
Coinbase co-founders Brian Armstrong (l) and Fred Ehrsam, sporting we-got-money grins.

News Byte

Socratic Is Creating a Textbook for the World, One Teacher Video at a Time

Socratic today announced that it has raised $1.5 million from Spark Capital, Betaworks, John Maloney, Terrapin Bale, Chris Dixon and David Tisch. The company (formerly known as Vespr) aggregates and organizes video lessons (first, high school and college content; today, just chemistry and physics) so teachers and students can use them as resources.

News Byte

Paper App Draws $15 Million in Funding From Andreessen Horowitz, Jack Dorsey

FiftyThree, the New York-based company behind the popular iPad sketching app Paper, has raised $15 million in a Series A funding round led by Chris Dixon of Andreessen Horowitz. Other investors include Shana Fisher of High Line Venture Partners, Josh Kushner’s Thrive Capital, Ron Conway and Jack Dorsey. FiftyThree is comprised of ex-Microsoft designers and engineers who created Paper to enhance productivity on the iPad. The app is free to download, and includes in-app purchases for utility tool kits. The company plans to hire talent and expand the collaborative features of the app with the fresh funding.

Back to the Cryptocurrency Mine

I think you have to pay attention to the fact that a lot of the best entrepreneurs right now are thinking about bitcoin. Regardless of what we [as VCs] think, it’s where a lot of smart people are gravitating.

Chris Dixon, talking to Connie Loizos of PEHub about his first six months as a VC

Shapeways Raises $30M for 3-D Printing Led by Andreessen Horowitz’s Chris Dixon

Some 10,000 people are selling 1,000,000 designs on Shapeways to 150,000 customers.
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Go West, Young Geek: Chris Dixon on Why He Became a Silicon Valley VC at Andreessen Horowitz, and More! (Video)

If you can make it here, you’ll make it anywhere.
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Confirmed: Chris Dixon Becomes Seventh Investing GP at Andreessen Horowitz

So it is written, so it shall be done.
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New York Techie Chris Dixon in Talks to Be Next Partner at Andreessen Horowitz

Every time a cash register rings, a VC gets his wings.
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News Byte

Quote-Saving App Banters to Shut Down; Founders Jump to Betaworks

After struggling to attract a significant user base over the past year, conversation-saving app Banters is closing up shop, co-founder Lauren Leto announced via company blog on Tuesday. Leto and partner Patrick Moberg had raised an undisclosed amount of seed funding from the likes of Chris Dixon, Khosla Ventures and SV Angel. The two will join Betaworks — Leto as general manager of the firm’s Findings product and Moberg as a “hacker-in-residence.”

eBay Buys Hunch

BoomTown as Judge Judy, Um, Judge BigApps

Goodbye (Crummy) CAPTCHAs. Hello Ad Dollars?