Blockchain Start-Ups to Venture Out from Venture Capital! Are ICOs Here to Stay?

Abstract

Blockchain, cryptocurrency, and initial coin offerings (ICOs) have been all over the news lately. This disruptive technology has been changing and is going to continue changing the world in a profound number of ways. One of the most promising ways for blockchain and cryptocurrency driven start-ups to impart innovation is through the ICO. ICOs, which are like initial public offerings (IPOs) of traditional securities using cryptocurrencies, have the potential to revolutionize how start-ups raise capital and cross the chasm. While start-ups have traditionally had to rely on venture capital to raise funds and grow, the ICO presents a more decentralized and democratic alternative. The crowdfunding power of the ICO is transformative for the most innovative start-ups. The birth of this new means of raising capital will usher a renaissance of innovative, well-funded, and independent start-ups.