Initial Coin Offerings

“And as a result of those spending years, they developed a product that once launched, 18 months ago, has captured nearly 25% of markets in Japan, the first market it launched to. They've converted two million cigarette smokers to users of one of their new prod…”

“Because we think that most of the ICOs today are entrepreneurs raising money via an ICO because it's cheaper than equity and not because they actually think the ICO is going to help the economics of the business.”

“One of the things we saw is that as we moved through 2017, the projects got better at capturing more of that value. So we weren't seeing as large of sort of the pop On day one of trading.”

“Initially, everybody was ignoring securities laws entirely, and then there was this idea, like, oh, maybe we need to comply with these things, and so then there were all these other mechanisms, like the SAFT that were invented, and so I'd say that was the othe…”

“Actually, no, I think it was the Gnosis ICO, which was in like May fifth or May 10th or something of 2017, but it was in early May. And that was at that point, probably a 10th legit ICO. At that point, I remember I was tagging with Tushar, and they brought twe…”