Too Long; Didn't Read
Last month, <a href="https://techcrunch.com/2017/12/16/do-good-companies-ico/" target="_blank">TechCrunch</a> reported that the cumulative volume of initial coin offering (ICO) financing by startups totaled $3.8 billion, most of which was raised in 2017. While this is only about 10% of the amount raised just in 2017 through Venture Capital (VC) financing, it is still a substantial amount considering that ICOs hadn’t even really existed before the last few years. ICO financing volume is also estimated to have surpassed early stage angel and seed funding — clearly, ICOs are gaining popularity as a means for entrepreneurs to raise capital for their young companies. What does this mean for the startup community in Silicon Valley, which has traditionally obtained capital overwhelmingly from limited partnership <a href="https://hackernoon.com/tagged/vc" target="_blank">VC</a> firms?