What Initial Coin Offerings Are, and Why VC Firms Care
TL:DR;
- Good, bad; pros, cons – ICOs are certainly giving the finance world a lot to talk about.
“Blockchain technology is at the stage where the internet was in 1992, and it’s opening up a wealth of new possibilities that promise … to add value to numerous industries.”
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.
