New York, USA
1. Fundraising is arguably the first killer app of crypto
2. There was so much money to be made in ICOs last year that it sort of obscured the fact that a huge amount of creativity and diversity in capital formation was occurring
3. The projects being built do not fit easily into any one box or another, wi..
Hey all - was really excited to see the news about Multicoin's big announced fundraise this AM. They announced $50m of an intended $250m including some huge names like David Sacks (Yammer, PayPal), Marc Andreessen (uh...Andreessen), etc. Some of the coolest parts of the news to me are:
1. The strength of the Multicoin part..
This strikes me as really bad for some projects (enterprise-focused projects) but really good for projects whose premise is to give users control over their data and the companies who would use it the ability to pay those users directly for it.
Interesting report. While it doesn't reveal much, if anything, it's hard not to feel the impact of the increasing regulatory scrutiny in the decisions companies are making to keep the private sale but skip the public ICO.