{"id":773,"date":"2015-05-31T16:20:41","date_gmt":"2015-05-31T22:20:41","guid":{"rendered":"http:\/\/gemstatepatriot.com\/blog\/?p=773"},"modified":"2024-09-23T13:23:09","modified_gmt":"2024-09-23T19:23:09","slug":"how-a-teenage-entrepreneur-built-a-startup-on-bitcoin-riches","status":"publish","type":"post","link":"https:\/\/gemstatepatriot.com\/blog\/how-a-teenage-entrepreneur-built-a-startup-on-bitcoin-riches\/","title":{"rendered":"How a Teenage Entrepreneur Built a Startup on Bitcoin Riches"},"content":{"rendered":"<p style=\"text-align: center;\"><em><strong>\u2014 This article was originally posted on <a href=\"http:\/\/www.entrepreneur.com\/article\/234741\" target=\"_blank\" rel=\"noopener\">entrepreneur.com<\/a> and was written by KIM LACHANCE SHANDROW \u2014<\/strong><\/em><\/p>\n<p>When 15-year-old Erik Finman turned a $1,000 Easter gift from his grandma into $100,000 after cashing in on his Bitcoin investment, he wasn&#8217;t all like Cristal, Maybach, diamonds on your timepiece. He was all business.<!--more--><\/p>\n<p>The Idaho robotics champ and early North Idaho College student used his Bitcoin riches to launch <a href=\"https:\/\/botangle.com\/\" target=\"_blank\" rel=\"noopener\">Botangle.com<\/a>, a burgeoning online video tutoring startup, according to <a href=\"http:\/\/mashable.com\/2014\/06\/10\/botangle\/\" target=\"_blank\" rel=\"noopener\"><em>Mashable<\/em><\/a>.<\/p>\n<p>The fee-based e-learning service currently offers 59 impressive subjects, including, of course, Bitcoin and entrepreneurship, along with a wealth of other &#8220;resources that just do not exist in a normal classroom setting.\u201d Botangle students can also enroll in computer programming, advanced mathematics (stochastic calculus!), 3D special effects and, oddly, equine nutrition courses.<\/p>\n<p>Finman credits his older brother for turning him on to Bitcoin back in 2012. As reported by\u00a0<a href=\"http:\/\/www.coindesk.com\/15-year-olds-1000-bitcoin-investment-startup-success\/\" target=\"_blank\" rel=\"noopener\">CoinDesk<\/a>, he received 0.2 bitcoins from his sibling and bought more using the $1,000 from his grandmother. He sold them a year later for $100,000, when the price per Bitcoin was about $1,200. Smart move, kid.<\/p>\n<p>Like so many <a href=\"http:\/\/www.entrepreneur.com\/article\/234463\" target=\"_blank\" rel=\"noopener\">other &#8220;Bitcoinians,\u201d<\/a> Finman expects the cryptocurrency to be as big of a game-changer as the Internet itself. He&#8217;s going all in, paying his staff of 20 in the digital cash most of the time.<\/p>\n<p>&#8220;I&#8217;m sharing the wealth of bitcoin because I have no doubt it will be huger [sic] than anyone can imagine right now,\u201d he told <em>Mashable<\/em>. &#8220;Bitcoin is like the Internet in the 90s.\u201d<\/p>\n","protected":false},"excerpt":{"rendered":"<p>\u2014 This article was originally posted on entrepreneur.com and was written by KIM LACHANCE SHANDROW \u2014 When 15-year-old Erik Finman turned a $1,000 Easter gift from his grandma into $100,000 after cashing in on his Bitcoin investment, he wasn&#8217;t all like Cristal, Maybach, diamonds on your timepiece. He was all business.<\/p>\n","protected":false},"author":1,"featured_media":774,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[1],"tags":[122,115],"class_list":["post-773","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news","tag-bitcoin","tag-volume-35","cat-1-id"],"_links":{"self":[{"href":"https:\/\/gemstatepatriot.com\/blog\/wp-json\/wp\/v2\/posts\/773","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/gemstatepatriot.com\/blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/gemstatepatriot.com\/blog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/gemstatepatriot.com\/blog\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/gemstatepatriot.com\/blog\/wp-json\/wp\/v2\/comments?post=773"}],"version-history":[{"count":1,"href":"https:\/\/gemstatepatriot.com\/blog\/wp-json\/wp\/v2\/posts\/773\/revisions"}],"predecessor-version":[{"id":15720,"href":"https:\/\/gemstatepatriot.com\/blog\/wp-json\/wp\/v2\/posts\/773\/revisions\/15720"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/gemstatepatriot.com\/blog\/wp-json\/wp\/v2\/media\/774"}],"wp:attachment":[{"href":"https:\/\/gemstatepatriot.com\/blog\/wp-json\/wp\/v2\/media?parent=773"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/gemstatepatriot.com\/blog\/wp-json\/wp\/v2\/categories?post=773"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/gemstatepatriot.com\/blog\/wp-json\/wp\/v2\/tags?post=773"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}