Published On: Sat, Jul 15th, 2017

Investors see ICO as the Future of Venture Capitalism

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This year has been a very profitable for cryptocurrency investors. More and more people are investing in ICOs (Initial Coin Offering) in hope to get in the next Bitcoin or Ethereum.
ICO the Future of Venture Capitalism?

Any way you look at it, 2017 has been a record setting – and record breaking – year for cryptocurrencies and ICOs. Over 40 different projects have managed to raise an impressive $1.2 billion USD in funding through token sales. Investors and experts believe that this is just the beginning and that ICOs will become the de facto method for fundraising in the future.
In light of the overwhelming successes of several recent ICOs, many startups have decided not to take the traditional path of fundraising through venture capitalists (VCs) and instead launch their own ICOs. Not wanting to be left out of the money loop, many venture capitalists are now turning to ICO-focused hedge funds. In fact, in 2017 alone, over 15 new hedge funds have launched or will be launched by the end of the year. Many of these funds are backed by VCs like Founders Fund, Sequoia Capital, and Union Square Ventures.
According to a recent article in Forbes, among the list of …

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