I've been running a business based on consulting and based on academic R&D services," he continues. The idea for Capsule started with a tweet about reinventing social media. and forerunners of blockchain technology can be traced back to the 1950s 34. Instead the tweet "just completely exploded" and he found himself raising $100,000 "in a single day" - with $50,000 paid in there and then. Cryptocat author gets insanely fast backing to build p2p tech for social media. College of Arts, Humanities and Social Sciences, University of Edinburgh. "I posted that tweet and the expectation that I had was that basically 60 people max would retweet it and then maybe I'll set up a Kickstarter," he tells us. But Kobeissi says he was startled by the level of interest in the concept.
For now there's nothing to see beyond Capsule's landing page and a pitch deck (which he shared with TechCrunch for review). The nascent startup has a post-money valuation on paper of $10 million, according to Kobeissi, who is working on the prototype - hoping to launch an MVP of Capsule in March (as a web app), after which he intends to raise a seed round (targeting $1 million-$1.5 million) to build out a team and start developing mobile apps. A day later cryptography researcher, Nadim Kobeissi - best known for authoring the open-source E2E-encrypted desktop chat app Cryptocat (now discontinued) - had pulled in a pre-seed investment of $100,000 for his lightweight mesh-networked microservices concept, with support coming from angel investor and former Coinbase CTO Balaji Srinivasan, William J. An anonymous reader quotes a report from TechCrunch: The idea for Capsule started with a tweet about reinventing social media.
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