ICOs will kill VCs, unless they adapt

Wouldn’t it be awesome if you could just blindly throw some money into a pool and magically make good returns? Well, that’s kind of what’s currently happening with ICOs (also known as token sales) and this is evident from two data points — the initial token sale price and current sale price (analogous to traditional company shares). ICOs are clearly on the rise and they’re steadily moving into the realms of the Venture Capital industry, threatening to take its place. VCs also operate on high returns by betting on startups, so it’s quite clear that they soon undergo a huge…

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