kaal:claim:3067615-007

The rapid evolution of ICOs was enabled in part by the negative factors that had depressed start-up fundraising, namely post crisis banking regulation and a shadow banking sector that only marginally supports new ventures and highly innovative start-ups.

Source quote, verbatim

ICOs' rapid evolution was enabled in part by these negative factors that affected start-up fundraising.

From

Wulf A. Kaal, Marco Dell'Erba, Initial Coin Offerings Emerging Practices, Risk Factors, and Red Flags (2017), II.2 Market Environment, p. 9
https://ssrn.com/abstract=3067615 · source PDF

Cite as

Wulf A. Kaal, Marco Dell'Erba, Initial Coin Offerings Emerging Practices, Risk Factors, and Red Flags (2017). SSRN: https://ssrn.com/abstract=3067615

Holds when

start-up fundraising conditions before and during the emergence of the ICO market

Classification

mechanismsupport: arguedsecurities-lawsystemic-riskeconomics

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