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The angel then introduces the entrepreneur to his or her wealthy friends and business connections who, based on the good reputation of the referring angel, also invest. There is considerable internal debate around whether or not to solicit and/or accept outside venture capital. For most companies, it is simply a non-starter.
Instead I will make a few observations about how an investor might think about the impact of ICOs / token launches on the venture capital industry, in particular, and some of the downstream ramifications that need to wrestled with. Need for growth capital. Are VCs going to be competing with crypto hedge funds? But many are.
Instead I will make a few observations about how an investor might think about the impact of ICOs / token launches on the venture capital industry, in particular, and some of the downstream ramifications that need to wrestled with. Need for growth capital. Are VCs going to be competing with crypto hedge funds? But many are.
Non of this academic stuff. My goal is to some day get an honorary degree for kicking ass in business. I’m not afraid to pick up the phone, cold call someone, use LinkedIn to find someone who’s recently left a company that might be considered competitive and ask them for advise around the businessmodel and marketplace.
Especially since even Youtube is still struggling to try find a viable businessmodel. One independent expert on the VC industry told me recently that there really is no “venture capital” today, only “continuation capital. Also, similar start ups will have time to copy you, reorganize, and compete. Translation?
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