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Cui bono? In a world with ICO crowd funding, the roles of a VC firm like YC is greatly diminished. It's not surprising the buggy whip manufacturer is casting
by influx 9y ago
Cui bono? In a world with ICO crowd funding, the roles of a VC firm like YC is greatly diminished. It's not surprising the buggy whip manufacturer is casting doubt on the dangers of the automobile.
- bsaul 9y ago"Role of a VC firm ...greatly diminished" : In which way is this different that "regular" crowd funding, which doesn't have as bad a reputation as ICO ? Personally, i'd rather raise "real money", than cyrptocurrencies. The reason why it's easier for those companies to raise millions through cryptocurrencies than regular money raising tools, is probably because there's a bubble.
- tryitnow 9y agoActually, I would imagine that the YC model would benefit greatly in a world of legitimate ICO crowdfunding. YC doesn't really make their money from deploying huge amounts of capital. In an ICO crowd funding world YC companies could focus more on product and sale and less on fundraising. I seriously doubt the ICO market is going to be ready for prime time until a few years from now.