Srinivasan gained recognition as the co-founder of Counsyl, a genomics company that now DNA tests ~3% of births in the United States.
He is outspoken in his beliefs that “software is reorganizing the world”. Srinivasan resigned from Counsyl in order to pursue his interest in other technologies.
Srinivasan lectures in Stanford’s Departments of Statistics and Computer Science, and teaches Stanford’s Bitcoin Engineering Course.
Srinivasan is the founder of 21, the maker of what it calls the world’s first “Bitcoin computer”. 21 received its first funding round of $5.05 million in March-2013, followed by another round of $116 million in March-2015.
In December 2013, Srinivasan joined tech VC firm Andreessen Horowitz (a16z) as a General Partner.
If you’re giving bitcoin and getting back dollars, this is not good for the price. If you have closed loops, you have something where you’re getting value out of bitcoin without selling it.
Historically, it has been difficult to get people to dig out their credit cards in order to purchase things online, particularly on mobile devices. The fixed cost of signup alone exceeds the benefit for the vast majority of sites. A continuously replenished stream of digital currency on your device generated by default from a 21 BitShare chip can change all that.