Elizabeth Stark, cofounder and CEO of Lightning Labs, talks about her company’s two big announcements this week: the beta launch of its first paid product, Lightning Loop, and the company’s Series A $10 million fundraise. We discuss how Lightning Loop works, what kinds of companies are already using it, and how Lightning Labs will make money from it. She also talks about the investors in this round, how several of them come from traditional finance and what their views are on Bitcoin and Lightning. 

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Episode links: 

Elizabeth Stark: https://twitter.com/starkness

Lightning Labs: https://lightning.engineering

Lightning Labs announcement: https://medium.com/@lightning_labs/entering-the-decade-of-lightning-8c4a4d31167f 

Forbes article: https://www.forbes.com/sites/michaeldelcastillo/2020/02/05/jack-dorsey-backed-lightning-labs-raises-10-million-to-build-visa-network-for-bitcoin/#2f88e7e95ede

Bitcoin Magazine on the announcement: https://bitcoinmagazine.com/articles/lightning-labs-announces-10-million-raise-as-lightning-loop-enters-beta

The Block: https://www.theblockcrypto.com/post/54963/lightning-labs-10-million-series-a-bitcoin-beta

Links from news recap: