Techstars Invests in Swarm Incubator via Cryptoequity

    MENLO PARK, CA, November 13, 2014 /24-7PressRelease/ -- Swarm (http://www.swarmcorp.com), the world's first distributed incubator that lets companies raise funds via issuing their own cryptocurrencies, just wrapped its first-ever Decentralized Demo Day and announced Techstars as the first-ever institutional investor to back its native token, Swarm Coins.

Furthermore, five separate startups simultaneously launched their own crowdsales via Swarm's platform, along with presenting demonstrations for the attendees, followed by live Q&As. Gathered at the legenday Rosewood Hotel in the heart of Silicon Valley's Venture Capital hub, Sand Hill Road, were the most daring, disruptive innovators from the Silicon Valley underground.

"Here at Techstars, we couldn't be more excited about the future of Bitcoin technology as applied to crowdfunding," said David Cohen, founder, managing partner, and CEO of Techstars. "We believe that Swarm's innovative fundraising model has the possibility to completely transform the venture capital industry, and we want to help make this happen. That's why we are making the world's first fund investment via crytoequity."

The startups launched were:
· Manna (http://manna.io/) - a developer of smart personal drone networks
· Coinspace ( http://bit.ly/1x3GClv) - an operator of a decentralized cryptocurrency workplace
· Swarmops (https://github.com/Swarmops/Swarmops) - a decentralized organizational management software platform
· Judobaby (http://www.judobaby.com/) - a decentralized gaming platform
· DDP (http://www.decentralizeddanceparty.com/) - a decentralized "dance party"

About Swarm
Swarm is based on the concept that the collective intelligence of decentralized networks can out-perform and evolve faster than centralized systems. Swarm has seen this via the Internet's immense possibilities but, so far, this idea has not been done in the field of digital application creation. This will change with Swarm. It is inventing a new paradigm. Please check out its website for the Swarm manifesto, FAQ and other information about the Swarm team and vision: http://www.swarmcorp.com.

Company Contact: [email protected]
Media Contact: Transform PR, [email protected], 702-285-2873

# # #