reply to AcoinL.L.C

Seedcoin doesn't provide enough capital for the amount of equity they want (15% equity is absurd)
-> equity varies from startup to startup

especially since Seedcoin's management team doesn't have much experience
-> a co-founder of Seedcoin has worked for banks, central banks and IT for the last 20 years (it seems finance and IT are a good combination for identifying startups with potential in the cryptocurrency space), another co-founder has 10 years experience in private equity and VC investments.

 and Seedcoin is unknown to many VC's (i.e. they don't have a network)
-> we know many VCs and investors, and Seedcoin startups have been in contact with many VCs as well

Better companies would apply to better incubator / accelerator programs, such as boost, TechStars, or Y Combinator, among the numerous ones out there that are better established.
-> anyone is free to apply to other incubators or accelerator programs, we respect the ones you mention. Please appreciate we have started an incubator specially focused on Bitcoin startups, obviously it would have been difficult to do so 4 or 5 years ago when bitcoin was unknown to most. We started in Summer of 2013 and in that space we are among the early investing and incubating pioneers. Fyi we have contacts with Silicon Valley based incubators and they respect our work.

CoinSimple has a whopping 16 fans on Facebook, doesn't offer a product that brings much value to vendors. I can't see them signing over 50 vendors.
-> your opinion solely, CoinSimple's team has been working hard to deliver a great product enabling vendors to accept bitcoin very easily and the team includes famous members of the crypto currency world

Hive great product, poor monetization ability and to much competition.
-> should entrepreneurs stop innovating in sectors where there is 'too much competition'?? this kind of arguments would apply to many successful startups

While bitSIM has a solid management team, their products are to techy for the average user. Not to mention open source wallets (such as Bread) destroy bitSIM's market for smartphones.
-> have you ever used BitSIM? your comments demonstrate you are not familiar with the product.

CryptoPay limited market potential. To late to the game, and not enough funding to compete with existing larger players.
-> is market potential for Cryptopay the same that is pushing the valuation of companies like BitPay or Coinbase well above the USD100m mark? funding is an issue for all startups...

BitcoinATM360 leases Bitcoin ATM's. Not a terrible idea, just very limited market. My bet, is that annual profit won't ever break 25k.
-> BitcoinATM360 does more than leasing Bitcoin ATMs. 'My bet' are the key words here... for disclosure BitcoinATM360 is backed by Seedcoin but has not been financed via SF1.

mexbtc as with other providers, limited market with large market share leaders already inplace. The bitcoin economy isn't large enough to support several large companies in each business sector.
-> then let's hope meXBT continues being the leader on its market in Mexico... Mexico and Latin America have a great potential, meXBT is well positioned to benefit from that potential.
I would also like to draw your attention to the fact that the bitcoin economy is still a nascent economy, the volume of transactions for example in one geographical sector may not be sufficient today for a 'large' player today (unclear about the meaning you may give to 'large') but could be in the future, or at least, we and the entrepreneurs hope so.

Btc.sx is their only investment with any realistic promise. However, bitfinex and the chinese exchanges will give them a run for their money. I don't see them surviving long term.
-> here again, speaking without understanding the model of BTC.sx.. Bitfinex is a partner of BTC.sx and chinese exchanges could potentially be partners as well.

This seems like a quickly written, misconstrued view of what we do. We are open to criticism and comments but if you wish to share your analysis of our work, qualifications or the potential of the startups funded via SF1 - please do a proper background work first. We are helping the development of the future leaders of the digital currency economy, this is a long term play that cannot be achieved in a few months.  Entrepreneurs work hard to achieve goals in the ecosystem they envision. Being active and entrepreneurial, and supporting these talented individuals contribute to reaching this vision.