Re:Pressure on startups is building with IPOs and sales stal...
by sharemywin on Tuesday July 11, 2017 @12:48PM
(#14745696)
How much ICO money is actually from Bitcoins and Ethereums price inflation. If you had 10 bitcoin 2 years ago(about $2800) what do you do with it? if you put it in Ethereum you would have about 560,000 usd today. why not put it in some projects that have understandable use cases.
And for an example of a startup that didn't survive, take Pebble, $15m in VC funding, ended up being sold for $23m. Not sure though how much of that actually went back to the VC. And this was a startup that had a paying customer base, active development community and a product in many big-chain stores.