INSUBCONTINENT EXCLUSIVE:
actual funds.Take the news that the creator of the TRON token bought BitTorrent for $140 million purportedly to lend legitimacy to the
and Ethereum in the development of its technology
market cap, the cost of buying a beloved network brand, even one as tainted by controversy as BitTorrent, is miniscule
Further, it allows TRON to fill its war chest with solid businesses even as its own efforts end laughably with ham-handed announcements
to Aeron chairs and food truck rodeos in the company parking lot
They are interested in becoming investors, gobbling up products and people in order to gain a stranglehold on the space
Further, these ICOed organizations are often already registered as broker-dealers in various jurisdictions and have all of the legalities in
place to take and invest large sums of cash
In short, if you think any successful ICOed company will deliver actual product before it would buy itself into multiple iterations of that
same product I have a few tokens to sell you.Startups start small for a reason
None of the current crop of successful ICOs have any technical merits, no matter how dense their white papers
While PhDs and computer scientists have great ideas, ultimately their ideas fail when dashed against the realities of the market
Most startups die because they are underfunded but they are underfunded because the risk associated with their ideas are far too high to
ensure a win.ICOs on the other hand are wild bets that a person who is connected to the crypto space will know better what to do with
unearned crypto riches than the owners of those riches
It is a bet that the ICOing org is willing to work a little harder to make 10,000 Ether or a few hundred Bitcoin pay off in the long run and
And you never get rich releasing a single product
You get rich buying and controlling multiple products.The other important consideration VCs will soon find themselves fighting for deals
Maltese ICOs and not Sand Hill Road
