The Hidden Costs of Initial Coin Offerings
NOVEMBER 7, 2018
More recently, it has gained attention as a way to finance new ventures, through what is known as an Initial Coin Offering (ICO). Less noticed, though, is ICOs appear almost antithetical to the standard approach to financing a risky venture. Blockchain startups raised over $5 billion in 2017 through ICOs and over $12 billion through the first three quarters of 2018. For example: Complete a few rounds of more traditional staged equity financings in advance of an ICO.