Washington DC, USA
OpenBazaar is an online trading platform that works similar to Bittorrent. The decentralized open marketplace on a peer-to-peer network allows users to sell and buy stuff over the network.
The very nature of marketplace ensures privacy and allows people to trade freely without any middlemen. OpenBazaar supports bitcoin transactions only, thereby drastically reducing any fees.
OPenBazaar has raised $1 Million from Andreessen Horowitz, Union Square ventures and William Mougayar.
Brian Hoffman, Washington Sanchez, Samuel Patterson and Dionysis Zindros