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Included the information related to change of company name and its product.
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|assets_year=2015
|assets_year=2015
|website=[http://21.co/ 21.co]
|website=[http://21.co/ 21.co]
|twitter=21dotco}}'''21''' (formerly '''21e6''') is a Bitcoin startup founded amidst the [[November 2013 bubble]]. In March 2015, they announced having raised $116 million in venture capital.<ref name="wsj">{{cite web|url=http://blogs.wsj.com/digits/2015/03/10/secretive-bitcoin-startup-21-reveals-record-funds-hints-at-mass-consumer-play/|title=Secretive Bitcoin Startup 21 Reveals Record Funds, Hints at Mass Consumer Play|author=Casey, Michael|work=Wall Street Journal|date=10 March 2015|accessdate=11 March 2015}}</ref>
|twitter=21dotco}}'''21''' (formerly '''21e6''') was a Bitcoin startup founded amidst the [[November 2013 bubble]]. In March 2015, they announced having raised $116 million in venture capital.<ref name="wsj">{{cite web|url=http://blogs.wsj.com/digits/2015/03/10/secretive-bitcoin-startup-21-reveals-record-funds-hints-at-mass-consumer-play/|title=Secretive Bitcoin Startup 21 Reveals Record Funds, Hints at Mass Consumer Play|author=Casey, Michael|work=Wall Street Journal|date=10 March 2015|accessdate=11 March 2015}}</ref>
In October 2017, 21.co announced the change of company name to [[Earn.com]].<ref name="earn">{{cite web|url=https://news.earn.com/21-co-is-now-earn-com-3e37e50c444f|title=21.co is now Earn.com|author=news.earn.com|date=31 October 2017}}</ref>


==History==
==History==
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===Venture capital===
===Venture capital===
By March 2015, 21 raised over $100 million in venture capital from numerous investors including Qualcomm Inc.,<ref name="wsj"/><ref name="twitter">[https://twitter.com/21dotco/status/600367120178745344 21.co investors tweet]</ref><ref name="wsj2">{{cite web|url=http://blogs.wsj.com/digits/2015/05/18/bitcoin-startup-21-unveils-product-plan-embeddable-mining-chips/|title=Bitcoin Startup 21 Unveils Product Plan: Embeddable Chips for Smartphones|date=18 May 2015|accessdate=21 July 2015|work=Wall Street Journal|author=Casey, Michael}}</ref> RRE Ventures,<ref name="wsj"/> Yuan Capital,<ref name="wsj"/> Cisco,<ref name="twitter"/><ref name="wsj2"/> Andreessen Horowitz,<ref name="wsj"/> Khosla Ventures,<ref name="wsj"/> Data Collective,<ref name="wsj"/> [[PayPal]] co-founders Peter Thiel<ref name="wsj"/> and Max Levchin,<ref name="wsj"/> eBay Inc. co-founder Jeff Skoll,<ref name="wsj"/><ref name="wsj2"/> Dropbox Inc. CEO Drew Houston,<ref name="wsj"/> Expedia Inc. CEO Dara Khosrowshahi,<ref name="wsj"/><ref name="wsj2"/> Zynga Inc. co-founder Mark Pincus,<ref name="wsj"/><ref name="wsj2"/> and former ARM Holdings PLC CSO Mark Templeton.<ref name="twitter"/><ref name="wsj2"/>
By March 2015, 21 raised over $100 million in venture capital from numerous investors including Qualcomm Inc.,<ref name="wsj"/><ref name="twitter">[https://twitter.com/21dotco/status/600367120178745344 21.co investors tweet]</ref><ref name="wsj2">{{cite web|url=http://blogs.wsj.com/digits/2015/05/18/bitcoin-startup-21-unveils-product-plan-embeddable-mining-chips/|title=Bitcoin Startup 21 Unveils Product Plan: Embeddable Chips for Smartphones|date=18 May 2015|accessdate=21 July 2015|work=Wall Street Journal|author=Casey, Michael}}</ref> RRE Ventures,<ref name="wsj"/> Yuan Capital,<ref name="wsj"/> Cisco,<ref name="twitter"/><ref name="wsj2"/> Andreessen Horowitz,<ref name="wsj"/> Khosla Ventures,<ref name="wsj"/> Data Collective,<ref name="wsj"/> [[PayPal]] co-founders Peter Thiel<ref name="wsj"/> and Max Levchin,<ref name="wsj"/> eBay Inc. co-founder Jeff Skoll,<ref name="wsj"/><ref name="wsj2"/> Dropbox Inc. CEO Drew Houston,<ref name="wsj"/> Expedia Inc. CEO Dara Khosrowshahi,<ref name="wsj"/><ref name="wsj2"/> Zynga Inc. co-founder Mark Pincus,<ref name="wsj"/><ref name="wsj2"/> and former ARM Holdings PLC CSO Mark Templeton.<ref name="twitter"/><ref name="wsj2"/>
===Embedded mining===
===Product===
Between 2013 and 2018 the company's main focus was on mining operations. In April 2018, co-founder [[Balaji Srinivasan]], who became the CEO of a company in May 2015, announced that the company gradually reduced its mining operations and focused on building a new software to handle micropayments: the paid email and tasks product.<ref name="product">{{cite web|url=https://medium.com/@balajis/the-turnaround-2d145589d814|title=The Turnaround|date=16 April 2018|author=Srinivasan, Balaji}}</ref>
==References==
==References==
<references/>
<references/>

Revision as of 09:09, 27 September 2019

21 Inc.
Founded2013
Founder(s)Matthew Pauker, Balaji Srinivasan
Website21.co
 Twitter 

21 (formerly 21e6) was a Bitcoin startup founded amidst the November 2013 bubble. In March 2015, they announced having raised $116 million in venture capital.[1]

In October 2017, 21.co announced the change of company name to Earn.com.[2]

History

Early history and secrecy

21 was founded in 2013 as 21e6, with the name being a reference to the controlled supply cap of the bitcoin economy.[1] In November, it was the subject of intense speculation after revealing $5 million in venture capital from a regulatory filing.[1] Co-founder Balaji Srinivasan stated that the startup's secrecy was "solely for pragmatic reasons – we didn’t have anything to say to the world,"[1] and they would not reveal their plans until May 2015.[3]

Venture capital

By March 2015, 21 raised over $100 million in venture capital from numerous investors including Qualcomm Inc.,[1][4][3] RRE Ventures,[1] Yuan Capital,[1] Cisco,[4][3] Andreessen Horowitz,[1] Khosla Ventures,[1] Data Collective,[1] PayPal co-founders Peter Thiel[1] and Max Levchin,[1] eBay Inc. co-founder Jeff Skoll,[1][3] Dropbox Inc. CEO Drew Houston,[1] Expedia Inc. CEO Dara Khosrowshahi,[1][3] Zynga Inc. co-founder Mark Pincus,[1][3] and former ARM Holdings PLC CSO Mark Templeton.[4][3]

Product

Between 2013 and 2018 the company's main focus was on mining operations. In April 2018, co-founder Balaji Srinivasan, who became the CEO of a company in May 2015, announced that the company gradually reduced its mining operations and focused on building a new software to handle micropayments: the paid email and tasks product.[5]

References

  1. ↑ 1.00 1.01 1.02 1.03 1.04 1.05 1.06 1.07 1.08 1.09 1.10 1.11 1.12 1.13 1.14 1.15 Casey, Michael (10 March 2015). "Secretive Bitcoin Startup 21 Reveals Record Funds, Hints at Mass Consumer Play". Wall Street Journal. http://blogs.wsj.com/digits/2015/03/10/secretive-bitcoin-startup-21-reveals-record-funds-hints-at-mass-consumer-play/. Retrieved 11 March 2015.
  2. ↑ news.earn.com (31 October 2017). "21.co is now Earn.com". https://news.earn.com/21-co-is-now-earn-com-3e37e50c444f.
  3. ↑ 3.0 3.1 3.2 3.3 3.4 3.5 3.6 Casey, Michael (18 May 2015). "Bitcoin Startup 21 Unveils Product Plan: Embeddable Chips for Smartphones". Wall Street Journal. http://blogs.wsj.com/digits/2015/05/18/bitcoin-startup-21-unveils-product-plan-embeddable-mining-chips/. Retrieved 21 July 2015.
  4. ↑ 4.0 4.1 4.2 21.co investors tweet
  5. ↑ Srinivasan, Balaji (16 April 2018). "The Turnaround". https://medium.com/@balajis/the-turnaround-2d145589d814.

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