Sentences with phrase «traditional venture capital investments»

In 2017, people have invested more than $ 4 billion in Initial Coin Offerings (ICOs), surpassing traditional venture capital investments.

In the first eight months of 2017 alone, ICOs have already raised a staggering $ 1.84 bn, three times that of traditional venture capital investment in Blockchain startups.

Even FinTech firms were able to raise much more through ICOs than they had through traditional venture capital investment.

When deciding on a potential ICO to back, the firm conducts due diligence much like it would for a traditional venture capital investment, Liu said: «We will study the business and technique fundamentals, review on the Github code, Meet and talk to founding team, conduct due diligence, and also study the community behind the token.»

As Frank Curzio and Barry Cohen pointed out at the VRIC, companies that are raising money in the ICO space is likely to have a similar failure rate to traditional Venture Capital investment, which run upwards of 70 % over a three year time window.

For the first time in the technology's short history, blockchain entrepreneurs are now raising more money through initial coin offerings (ICOs) than traditional venture capital investments.