The Summer of ICOs

The Summer of #ICOs 

 #fintech @bussgang #VC #ETHEREUM #blockchain

  • Instead I will make a few observations about how an investor might think about the impact of ICOs / token launches on the venture capital industry, in particular, and some of the downstream ramifications that need to wrestled with.
  • The ICO generates excitement and valuable incentives to contribute to the ecosystem which accelerates its growth and, as the ecosystem grows, the company has a cash flow formula that allows value to accrue to the equity holders of the corporation not just the tokens.
  • If a portfolio company can raise money in an ICO and retain tokens that then rise in value, it dramatically reduces the company’s incentive to seek an exit.
  • If the management team and employees receive tokens as part of their compensation plan and those tokens are highly liquid — as they should be after an ICO thanks to the meteoric rise of exchanges and crypto hedge funds — then the value of their compensation may be more through token value than equity value.
  • Are investors and management as aligned as they are in a company that does not raise money in an ICO or do token sales create more opportunities for misalignment—which gets back to the issue of governance.

Goldman Sachs and CB Insights recently reported that startups have raised over $1 billion in Initial Coin Offerings (ICOs) this summer — more than the to…
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Mark Carney’s biggest speech of the year is going to be about fintech and the technology behind bitcoin

  • SEE ALSO: BANK OF ENGLAND OFFICIAL: ‘Central banks can’t afford to be Uber’d’
  • Distributed ledger technology, which Carney also singled out, is the area of fintech that traditional banks are most excited about.
  • Bank of England Governor Mark Carney’s biggest speech of the year will be about fintech and blockchain technology, he revealed on Tuesday.
  • The Governor said: “My speech will be about aspects of fintech and distributed ledger technologies and it actually starts to shift into…
  • Mark Carney’s biggest speech of the year is going to be about fintech and the technology behind bitcoin

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@BitcoinNooz: “Mark Carney’s biggest speech of the year is going to be about fintech and the technology behind bitcoin – #bitcoin”


‘Mark Carney’s biggest speech of the year is going to be about fintech and the technology behind bitcoin’ on Yahoo Finance UK. Bank of England Governor Mark Carney’s biggest speech of the year will be about fintech and blockchain technology, he revealed on Tuesday. Carney was questioned by MPs on the Treasury Select Committee over his upcoming Mansion House speech to top bankers and City of London officials in early June.


Mark Carney’s biggest speech of the year is going to be about fintech and the technology behind bitcoin