Initial Coin Offerings

“People are launching an ICO instead of going to VCs and You know, the deals that they're getting, it's like it's unheard of. Like you basically are getting way more money and you don't have investors to pay back. Like you own everything. And I mean, there's ju…”

“Don't really believe it's sustainable.”

“Radical in that, like so early, there's an equal amount of money in ICOs being raised by startups as venture money.”

“I think this idea that, like, everyone is going to just raise money from the crowd, like, I think we'll find out that we have securities laws for a reason, and that we want some level of that”

“As far as I can tell, the vast majority of the ICOs are scams. Or just like, these are companies that, if they were trying to raise from the people in the room, here, maybe they'd be able to raise half a million dollars, but instead they go do an ICO, and they…”

“Right now, it is a very global phenomenon, so about as much money has been raised by ICOs based in Europe as based in the United States”

“Token fundraising ICOs, mostly raised on what are called SAFTS, Simple Agreements for Future Tokens... Mostly raised from hedge funds, venture funds, institutions, and again, angels putting money into these ICOs. But they're raising 10 to two hundred million d…”

“I don't think I, ICOs are anything like IPOs. I think it's a really actually unfortunate naming convention that we have called them the same thing. They're much more similar to seed fundraising.”

“In some sense ICOs are kind of the gaming use case, right? It's kind of like a gambling, it's a gambling use case, right? And like, that's actually kind of what's happening is people are just gambling as real money.”

“I think private, privacy tokens are actually a thing. Like if you talk to a lot of people, hey, if XYZ thing went away, would you care about it? They're like, yeah, it would be kind of unfortunate if that went away, or I'd lose a lot of money because I was in …”