CoinLab is the handiwork of Peter Vessenes, Mike Koss and Tihan Seale and shares a space within Mike Koss's co-working space (StartPad) located in downtown Seattle, Washington. CoinLab is already hard at work on BitSent, which aims to solve the problem of making transactions "in the wild" without a smart phone.
This has been a plan in the works by both Vessenes and Koss, who had both met with Nefario (alias), a Bitcoin developer (owner and maintainer of the Bitcoin Global Stock Exchange) and English teacher in a Chinese University, who was also interested in creating a hackerspace for startups revolving around Bitcoin. However, United States customs prevented the meeting from taking place, and Nefario had to return to China.
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