They feel Bitcoin can be better in some areas, and have come up with a solution for the currency that they have released to the public. And this is not even their first Bitcoin business foray.
Also read: Bitcoin Business Ideas To Get Your Started
“Pavilion.io has the potential to be a game-changer,” says Erick Schonfeld, executive producer of the conference, said.
They go to school just north of Boston, Mass, but are considering a move to Silicon Valley, after they graduate and take a year off to decide where their future lies. The teens have already raised $25,000 in funding for their new venture funding from Plug and Play Tech Center in Sunnyvale, CA. It’s not hard to see how this can distract them from the traditional, and somewhat antiquated path of college/internship/job/career/pension. Few colleges teach you how to run your own business through their curriculum, much less get tens of thousands in seed funding.
“I would rather do this than go to college,” Young said. “Last year we ran a hedge fund.” Young recalls. It was called Lionfin Capital, Sharknado mashup of words they liked. “The amount we were investing was only in five figures, and it was mostly friends and family that were investing in it, so we got bored,” said Duhamel. He thinks a trip to the New York’s Bitcoin Center convinced the teens to switch their focus to the virtual currency. “We realized that bitcoin is what all the cool people in finance in New York are interested in today,” Duhamel said.
While in San Jose for the Demo Conference, the young partners are also hoping to get some time with people like noted super-investor Peter Thiel. He once famously said it is a waste of time for the most talented young founders and entrepreneurs to seek a college degree instead of pursuing their business ideas. It seems these two may end up having more than gaps in Bitcoin figured out.
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Last modified (UTC): November 24, 2014 08:05