The Initial Coin Offering, the Bitcoin-y Stock That’s Not Stock—But Definitely a Big Deal
Business, Spoken
English - March 17, 2017 08:10 - 9 minutes - ★★★★ - 16 ratingsBusiness News News spokenlayer Download Apple Podcasts Google Podcasts Overcast Castro Pocket Casts RSS feed
Next month, a venture capital firm called Blockchain Capital plans to do something that could change the way companies get funded—and perhaps even the way they operate. Instead of an Initial Public Offering, in which a company sells stock via a regulated exchange like Nasdaq, the San Francisco-based VC firm is making an Initial Coin Offering, selling its own digital token as a way of raising money for its latest venture fund. Anyone who buys a token will be buying into the fund.
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Next month, a venture capital firm called Blockchain Capital plans to do something that could change the way companies get funded—and perhaps even the way they operate. Instead of an Initial Public Offering, in which a company sells stock via a regulated exchange like Nasdaq, the San Francisco-based VC firm is making an Initial Coin Offering, selling its own digital token as a way of raising money for its latest venture fund. Anyone who buys a token will be buying into the fund.
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