The trend of ICO issuance exceeding venture capital financing can be expected to continue, because ICOs allocate capital more efficiently and at lower cost.
This trend can be expected to continue given the superior allocation of capital at lower cost via ICOs.35
From
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
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
crypto start-up financing after the second quarter of 2017
Classification
predictivesupport: arguedinnovationeconomics
Related claims
supported_bykaal:claim:3606663-008 ICO issuance exceeded venture capital financing of startups for the first time in the second quarter of 2017, ...
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