ICOs Are Changing The Way VCs Deal With Startups


Gone is the time when investing in a bitcoin company was enough to make you cool. Now, the really hip kids are into initial coin offerings, or ICOs, sales of cryptographically scarce data that offer the promise to raise millions of dollars in minutes, often with little more than a white paper and pictures of their technical team. In the first five months of this year alone, $136m has been raised in 37 token sales, according to ICO data firm Smith + Crown.


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