Quote from: Red_Wolf_2 on June 23, 2013, 04:42:36 PM

Quote from: becoin on June 23, 2013, 04:10:45 PM

Quote from: k9quaint on June 23, 2013, 03:57:53 PM

Who are BFL's investors? BFL claimed they have a Venture Capital firm backing them, but won't say from which VC firm.

What they said is "It's a secret". It is a "secret" because there is none. BFL customers are investors without the rights investors have.

Being a private company (as opposed to a publicly listed one), what requirement is there that they say who their backers are? You say there aren't any backers, but provide zero proof of that too. Saying what you wish to be the case to justify your feelings towards them?

The only requirement is to dispel uncertainty. BFL is under no legal obligation to do so.
BFL issied a press release saying they had a Venture Captial firm backing them.
No Venture Capital firm has ever come forward admitting they are backing BFL (venture firms maintain portfolio lists of the firms they back).
BFL did not name the firm.
BFL has never to my knowledge mentioned receiving funding from a Venture Capital firm since that press release.
When pressed about where their funds came from, Inaba said it was from their FPGA profits not customer pre-orders.
If BFL said they have funding from a VC firm (when they do not) and then solicited business based on that, that is fraud.

If you want to see what an actual bitcoin company funded by VC's looks like, look here: https://coinbase.com/about
You can see that Coinbase claimed that Union Square Ventures invested in them, you can verify that USV put Coinbase on their portfolio page here: http://www.usv.com/investments/
You can see that Fred Ehrsam, Olaf Carlsen-Wee, Brian Armstrong, and Craig Hammel are the founders of Coinbase. You can see what they have done in the past because they are not hiding from you. They are proud to attach their full names and reputations to their work.