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Venture Capitalist Draper to Meet With Facebook on Crypto Fund

From bnnbloomberg.ca

Venture capitalist Tim Draper is planning to meet with Facebook Inc. to discuss investing in the social network’s cryptocurrency project. “I am interested to hear the story,” Draper said in an email to Bloomberg News. “We will see if it is a fit." Draper, 60, isn’t the only one meeting with the social network as it seeks to raise as much as $1 billion for the initiative, which wants to create a digital coin to be used within one of its apps. Hedge funds, venture capitalists and other wealthy individuals are also likely to invest. The news of the fundraising was first reported by the New York Times. Facebook is ... (full story)

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