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Since there was never a public token sale (as it was all raised privately) they should have just done a debt/equity raise. What was the point in doing an ICO?
by treelovinhippie 7y ago
Since there was never a public token sale (as it was all raised privately) they should have just done a debt/equity raise. What was the point in doing an ICO?
Though like all of these private token sales, it's a great way for crypto whales to multiply their imaginary wealth without having to exit to fiat and pay taxes.
- shanecoin 7y agoTo take advantage of the ICO hype. Telegram could never have raised $1.7B in different, more traditional medium.
- treelovinhippie 7y agoI dunno, someone like Softbank would have happily thrown that their way.
- elchupanebre 7y agoIt's unlikely that one Ponzi scheme will invest into another.
- SahAssar 7y agoWithout any equity and preferred shares? no.
- wmf 7y agoThe point is that the investors could dump their tokens onto clueless FOMOers on public exchanges. That doesn't work with traditional equity investment (see WeWork IPO).
- elchupanebre 7y agoThey already raised $1.7B (and spent a good chunk of it, $280M by Jan 31 2019, probably $0.5B by now). Those who gave them money need a grater fool to buy the tokens from them. Otherwise the fun cannot continue. Someone will have to pay. > without having to exit to fiat Last time I checked one cannot buy yachts and private jets for crypto.