What Initial Coin Offerings Are, and Why VC Firms Care
- Good, bad; pros, cons – ICOs are certainly giving the finance world a lot to talk about.
Initial coin offerings: welcome to the Wild West of financing. ICOs, a tactic that allows new cryptocurrencies to fundraise while avoiding the typical rigorous regulations associated with capital-raising, have taken off in a serious way in the last year. While VC firms have historically been reticent to jump on the ICO bandwagon, in 2017 that began to change due in part to the massive returns that cryptocurrency have seen in the last couple years. Take a deeper look at the current state of venture capital interest in ICOs with this timely article from HBR.