kaal:claim:3067615-013

The disruption of venture capital by ICOs is in part self-inflicted: venture capital funds continuously invested in innovation while insufficiently innovating their own business model, leaving them exposed to a more efficient financing tool.

The disruptive effect of ICOs on the venture capital industry is in part the result of the venture capital fund lacking innovation. Paradoxically, venture capital funds continuously invested in innovation, while insufficiently innovating themselves.33

Wulf A. Kaal, Marco Dell'Erba, Initial Coin Offerings Emerging Practices, Risk Factors, and Red Flags (2017), III. Disruptive Effects, p. 12
https://ssrn.com/abstract=3067615 · source PDF

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

• venture capital industry financing highly innovative start-ups

failuresupport: arguedfailure: Venture capital innovation deficitfamily: incumbent-resistance-to-adoptioninnovation

The quote above is an exact substring of the source PDF, whose sha256 is 164ce15b9eb1e8847ebcb073f5b23a96b4974ad0308d77469a9455d4a1ebeb38. Extraction method: pdf-text-layer.
Attestation record: colloquium/attestations/99ab69189b98724d...json
Verify the binding yourself: curl -s https://wulfkaal.github.io/claims/3067615-013.md | sha256sum