US venture capital's digital coin quandary: cash-rich startups

Digital service: Coinbase offers services for buying, selling, sending, receiving, and storing bitcoin. — Reuters

NEW YORK: US venture capital firms lining up for a slice of the burgeoning digital currency market are grappling with a novel challenge – some of the hottest tech startups that sell the coins just don't need their money.

Only a few years ago, digital currency entrepreneurs, like other Silicon Valley peers, had to line up to pitch their ideas to venture capitalists, who controlled their destiny as virtually the only source of funding.