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A few years ago, crowdfunding was the latest disruption for startup funding – giving entrepreneurs new options.  Today, the most exciting innovation for startup funding are ICOs – Initial Coin Offerings.  BTxchange puts together a concise but comprehensive “round-up” – in the form of an infographic – of all the major concepts and issues surrounding this new form of funding. 
Very valuable:

Initial coin offerings, or ICOs for short, are the latest craze in the cryptocurrency world. Despite being just a couple of years old, ICOs have managed to attract a lot of attention.

Ahead of the data-packed infographic, they write:

It seems that in the past few months every news outlet had something to say about them, both good and bad. Some praise them for enabling startups to receive funds quickly, but some people despise ICOs because of their unregulated and fraudulent nature. However, one thing is for sure; they have revolutionized how projects receive funding.

While no one can argue that ICOs are flawless, a case can be made that they offer more pros than cons. Sure, ICOs have little, if any, regulatory oversight, and their track record is riddled with thefts, frauds, and failures. However, without them, we wouldn’t have Ethereum, the second biggest cryptocurrency right now, as well as numerous other new-technology startups. Judging ICOs based on the failed projects and without acknowledging their advantages creates a false image. After all, even some traditionally funded projects have turned out to be frauds.

 

 

Written by CJ Cornell

CJ Cornell

Serial Entrepreneur. University Professor. Software Engineer. Media Executive. Venture Capitalist. Researcher. Marketer. Advisor. Mentor. Author and Speaker. Founded or co-founded nearly a dozen companies in software, digital media and television.

For the past few years I’ve been Co-Director of the Knight Center for Digital Media Entrepreneurship and Professor of Digital Media & Entrepreneurship at Arizona State University, and the university’s first full time Entrepreneur-in-Residence. Currently Visiting Professor of Entrepreneurship & Innovation at New York Institute of Technology and Managing Director at Propel Ventures LLC.

 

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