Linkedin – Dimitri Tsamados
The Blockchain Around the VC’s Neck
how to fund your start-up without meeting an investor.
What will become of the Venture Capital industry if the current ICO frenzy, rather than abating, matures into a proper funding mechanism for start-ups?
First a brief explanation – an Initial Coin Offering (ICO) is a new way to raise money, in the manner of crowdfunding. Investors buy, on an online platform and with crypto currencies, “smart contracts” in the form of tokens your start-up has issued. These tokens (a.k.a. coins) can then be traded and their value will rise or ebb with demand and the prospect offered by the underlying business.
This article was initially published on Linkedin by Dimitri Tsamados (ES&P Singapore office).
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