companies house How pre product ICOs k ill companies

How pre-product ICOs k.ill companies.
If you’ve been following tech news in 2017, chances are you’ve heard quite a bit about the ICO phenomenon. According to a December report by PwC, at least 438 ICOs took place in 2017, raising over $4.6 billion. And the majority of those were done by startups that did not have a product yet.

Is an ICO really a smart move for pre-product startups?

Above: Source: Mangrove Capital Partners

There’s no doubt an ICO offers a compelling value proposition for a pre-product founder: Raise a ton of money at an early stage without giving away control of your company and without dealing with annoying VCs. Sounds good right? Especially when you consider that about 30 percent of startup post-mortems mention running out of money as one reason for their failure.

companies house How pre product ICOs k ill companies
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Science & Technology	Upload TimePublished on 28 Jan 2018

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