Bitcoin is still at a very early stage, so Lightspeed is looking to encourage innovation in the sector through the fund, says Jeremy Liew, parter at Lightspeed, which has previously invested in two such startups: Opencoin and another that has not been announced.

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Liew: External challenges have often served to draw countries in the region closer together.

CNN: ASIANOW - Asiaweek

"This isn't exactly a massive backlash, " says Jeremy Liew, a partner with Lightspeed Venture Partners, which has invested in several Facebook application developers.

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In an article earlier this summer on PandoDaily, titled Celebrities Will Drive the Next Wave of eCommerce, Jeremy Liew, a seasoned e-commerce investor from Lightspeed Venture Partners, argued that the pervasiveness of social media creates an opportunity to take celebrity endorsement from mere brand association to a direct acquisition mechanism.

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