However, membership of the nonprofit organization Bit Valley Association, which Miyagi and two others established for the network's development, had swollen close to 3,000 by the end of November.
It also made Bit Valley members increasingly hectic as many moved up their plans for going public, given the relaxed listing standards that allow them to enter without having earned any profits.
Now that big companies are reorganizing themselves into smaller, independent units, Bit Valley may develop into a framework under which many small components can tie up and separate on a project basis under its brand name,'' he said.
A goal of the magazine is to cover breaking business stories, such as the emergence of Bit Valley
(a loose-knit group of entrepreneurs shaking up Japan's business world by receiving some very high-valuation investments from venture companies).