Easiest Path to Riches on the Web? An Initial Coin Offering

Re:Easiest Path to Riches on the Web? An Initial Coin Offering by influx on Sunday June 25, 2017 @11:15PM (#14633802)

Cui bono? In a world with ICO crowd funding, the roles of a VC firm like YC is greatly diminished. It's not surprising the buggy whip manufacturer is casting doubt on the dangers of the automobile.

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Re:Easiest Path to Riches on the Web? An Initial Coin Offering by bsaul on Monday June 26, 2017 @03:39AM (#14634807)

"Role of a VC firm ...greatly diminished" :

In which way is this different that "regular" crowd funding, which doesn't have as bad a reputation as ICO ?

Personally, i'd rather raise "real money", than cyrptocurrencies. The reason why it's easier for those companies to raise millions through cryptocurrencies than regular money raising tools, is probably because there's a bubble.

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Re:Easiest Path to Riches on the Web? An Initial Coin Offering by tryitnow on Monday June 26, 2017 @11:56AM (#14637758)

Actually, I would imagine that the YC model would benefit greatly in a world of legitimate ICO crowdfunding. YC doesn't really make their money from deploying huge amounts of capital. In an ICO crowd funding world YC companies could focus more on product and sale and less on fundraising.

I seriously doubt the ICO market is going to be ready for prime time until a few years from now.

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