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The Summer of Initial Coin Offerings

Seeing Both Sides

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. Need for growth capital. Shift of value from equity holders to token holders. Fuzzy Governance.

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The Summer of Initial Coin Offerings

Seeing Both Sides

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. Need for growth capital. Shift of value from equity holders to token holders. Fuzzy Governance.

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Innovation, Change and the Rest of Your Life

Steve Blank

A company developing software would have to buy computers and license software from other companies and hire the staff to run and maintain it. Today open source software has slashed the cost of software development from millions of dollars to thousands. VCs have now ceded more control to founders.

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