Silicon Valley Accelerator 500 Startups Isn't Backing ICOs – Yet - CoinDesk

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Long known for backing exciting early-stage investments, the absence of 500 Startups from the nascent market for blockchain-based initial coin offerings (ICOs) is notable. An early investor in bitcoin entrepreneurs, 500 Startups backed both ChangeCoin, which was acquired by Airbnb, and Gyft, which later sold to First Data. Yet, even as investors that frequently back similar startups – including Union Square Ventures, Boost VC and DFJ founder Tim Draper – embrace the new investment vehicle, 500 Startups has been on the sidelines. But it's not for lack of interest that the venture fund and accelerator has so far side-stepped ICOs.

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