Home Bitcoin Initial Coin Offerings continue to overtake Venture Capital to raise funds
Initial Coin Offerings continue to overtake Venture Capital to raise funds

Initial Coin Offerings continue to overtake Venture Capital to raise funds

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As expected there has been a large shift of crypto-currencies to ICO’s – all the profits made in the last year are now being moved in ICO’s at an incredible rate.

Below are a few examples of the speed and value ICO’s are able to generate.

  • #ICO Stats Bancor raised $150M in 3hrs
  • $BAT raised $36M in 24sec
  • Civic tokens pre-raised $33M – 8 days
  • Polybius ICO raised $18.3M
  • Monaco ICO raising $17.5M so far
  • CryptoPing raised 306.5 BTC closing June 24th

Now that ICO’s have surpassed VC funding, it seems there will be a rush of folks coming into the crypto-currency space to participate in these ICOs.  Hopefully, some interesting/disruptive start-ups are funding via this crowdfunding new way to invest platform being created. I doubt VC’s and hedge funds will stand by the side saying this is not a viable alternative to VC investing.

Patrick Wagner Avid digital business builder since the mid-90’s. Excited about the future of digital commerce thru blockchain & crypto-currency (bitcoin, ethereum, etc.) today.

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