Kleiner Perkins Fund Uses Blockchain Project to Reward Startup Founders

KPCB Edge has gone public with its blockchain project Edgecoin in order to encourage startup founders who help KPCB and other portfolio members.
According to an article on CoinDesk:

With the formal launch, the early-stage investment firm, launched in June, will provide all its investors with an Edgecoin web wallet containing 10 edgecoins. As a first use case, founders who identify other entrepreneurs who they believe KPCB should invest in are able to spend their edgecoins as a way to signal their trust in that individual or team.
KPCB Edge indicates that, following the transaction, it will set up a meeting with the recommended startup within 72 hours, with a full partner meeting taking place if possible.
 
[…] KPCB told CoinDesk that it sees Edgecoin as a way to help its founders effectively become limited partners in the fund, sharing in profits when they bring additional value to the firm, and as a way to incentivize partners to help it meet more great startups.
Click here to read the full article on CoinDesk.