Will ICOs replace VCs for start-ups?

It was once the norm for an aspiring start-up to seek funding through venture capital (VC). Ownership of the company would be divided amongst participating investors via limited partnerships established by the VC firm, while those investors would often remain invested in the company for years. But in the last 18 months or so, it’s fair to say that for those start-ups utilizing blockchain technology, the global craze for Initial Coin Offerings (ICO) has drastically alteredthe fundraising landscape. Although first emerging in 2013, ICOs didn’t truly burst onto the scene until last year, as new cryptocurrency-based projects began raising tens,…...