I’m sure you have heard a lot about ICOs (initial coin offerings) recently. Startups are raising millions with them. Bancor raised over $153 million. TenX raised $80 million. Our portfolio company, Omise, recently raised $25m.
Many more startups have theirs on the way. So, in midst of all this excitement, I wanted to take a step back to think about how ICOs could profoundly impact venture capital.