Retail investors will lose a ton of money in ICOs
Kathleen Utecht · 20VC: Why VC Is A Lifestyle Not A Job, Why You Must Do Post-mortems On Good and Bad Deals & Why Society Is On A Downgrade with Kathleen Utecht, Managing Partner @ Core Innovation Capital · Sep 13, 2017 · at 23:55
Kathleen Utecht, Managing Partner at Core Innovation Capital, shares her warnings about the 2017 ICO craze and the risks it poses to everyday retail investors.
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“So they scare me. I think there's going to be some really great ones, but I think people are going to lose a ton of money, like, and just everyday people. Whenever there's so much money going around, and people think they can make a quick buck, and there's a lot of greed involved, you know, you see all sorts of people coming in, and some ICOs are going to be real, and some aren't, and there's a lot of people that aren't going to know the difference, and so I'm worried about just Regular people losing money, and if you look at our own asset class, right, VCs are doing this as full-time jobs. There's a lot of us that aren't even successful. There's a bunch of people that can't even make market returns, so having an individual, like, retail investor invest in something that they know nothing about, it just screams of trouble.”
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