Bogart: Blockchain Capital capped its pioneering ICO venture fund at $10M
Spencer Bogart · 802: Crypto VC: After $10m Raised in ICO for Fund 3, Now Demand High for $250m Fund 4 · Oct 4, 2017 · at 8:18
Spencer Bogart, Managing Director at Blockchain Capital, recounts the launch of the firm's third fund raised via a tokenized initial coin offering (ICO) in 2017.
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“We raised the world's very first venture fund via an ICO. So we limited the size. We capped it at just a small, ten million dollar offering to make sure that, you know, we can mitigate, mitigate risk there. And make sure that it's successful. That offering, that ten million dollars sold out in 30 minutes when we went live with the sale.”
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