Month: June 2015

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Overstock Will Issue a Private Bond Powered by Bitcoin Tech | WIRED

OVERSTOCK.COM IS PREPARING to offer a $25 million private bond using the blockchain, the distributed online ledger that underpins the bitcoin digital currency.

Earlier this week, the online retailer circulated a document among hedge funds, private equity groups, and other potential Wall Street investors indicating it was offering such a bond. Company CEO Patrick Byrne, the circular says, “believes that cryptotechnology can do for the capital market what the internet has done for consumers”—a reference to the type of technology that drives bitcoin.

Overstock Will Issue a Private Bond Powered by Bitcoin Tech | WIRED http://www.wired.com/2015/06/overstock-will-issue-private-bond-powered-bitcoin-tech/

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My Twitter Digest for 06/05/2015

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My Twitter Digest for 06/04/2015

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Seldon is an open source recommendation platform

Seldon is made up of many components that work together to deliver the best recommendations. Roughly, all user actions are captured via the REST API and streamed to logs. Those logs are processed in batch and new user models are delivered to the API Server. Then recommendations are delivered via the REST API.

http://docs.seldon.io/tech.html

The code for Seldom is on Github at https://github.com/SeldonIO/seldon-server.

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Convertible notes are a founder friendly way to fund a seed round

A convertible note is an investment vehicle often used by seed investors investing in startups who wish to delay establishing a valuation for that startup until a later round of funding or milestone. Convertible notes are structured as loans with the intention of converting to equity. The outstanding balance of the loan is automatically converted to equity at a specific milestone, often at the valuation of a later funding round. In order to compensate the angel investor for the additional risk of investing

Source: Convertible Notes | FundersClub