The Hidden Costs of Initial Coin Offerings
Harvard Business Review
NOVEMBER 7, 2018
Blockchain startups raised over $5 billion in 2017 through ICOs and over $12 billion through the first three quarters of 2018. The average amount of capital raised by a Blockchain project through an ICO in 2017 was $13 million; through the third quarter of 2018 it was $25 million. How ICOs Constrain.
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