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IMHO, ICOs seem to have much less due dilligence going on than IPOs and prey on the uninformed that hope to invest in the next Bitcoin. If anything they're even
by donkeyd 9y ago
IMHO, ICOs seem to have much less due dilligence going on than IPOs and prey on the uninformed that hope to invest in the next Bitcoin. If anything they're even more of a confirmation that money is invested in products without any real perspective.
And for an example of a startup that didn't survive, take Pebble, $15m in VC funding, ended up being sold for $23m. Not sure though how much of that actually went back to the VC. And this was a startup that had a paying customer base, active development community and a product in many big-chain stores.
- sharemywin 9y agoHow much ICO money is actually from Bitcoins and Ethereums price inflation. If you had 10 bitcoin 2 years ago(about $2800) what do you do with it? if you put it in Ethereum you would have about 560,000 usd today. why not put it in some projects that have understandable use cases.
- donkeyd 9y agoTrue, was thinking about this last week, if these companies were to try and cash out, BTC would have a flash crash.