article thumbnail

The Hidden Costs of Initial Coin Offerings

Harvard Business Review

Those benefits fall into three categories: To jumpstart network effects that provide a first-mover advantage: Many of the projects being built using blockchain technology are “protocols” that govern the interactions between users in a decentralized autonomous network.

Cost 8
article thumbnail

Why We Shouldn’t Worry About the Declining Number of Public Companies

Harvard Business Review

The number of listed firms can decline because of three developments: 1) bankruptcy, failure, or closure of listed firms, 2) delisting of firms going private or acquired, and 3) decrease in number of initial public offerings (IPOs). Furthermore, doing IPO is not only an expensive proposition, it also consumes managerial time and energy.

IPO 10