The Ledger
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ICOs and token marketplaces will not replace traditional venture capital firms
“When we talk about disruption, I'm very skeptical that where we're going to be in 10 years is, you know, everything is initial coin offerings, and there's no VCs, and, you know, there's just sort of marketplaces like AngelList and Bitcoin, right? Like, I don't…”
Top-tier Series A firms like Sequoia and Benchmark won't change models
“I think if you are a traditional series A and beyond VC, you're probably going to do okay if you're really value-add to the Sequoias and the benchmarks of the world. I don't really see them changing their model much at all, because it works really well.”