kaal:claim:3067615-016

ICOs are preferable to venture capital funding for many start-ups first and foremost because ICO promoters and their developers are not forced to sacrifice equity in the project in exchange for the funds they raise.

Source quote, verbatim

First and foremost, ICO promoters and their developers are not forced to sacrifice their equity in the project in exchange for the funds they raised.36

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

start-ups choosing between ICO and venture capital financing

Classification

mechanismsupport: arguedinnovationsecurities-law

Related claims

supports kaal:claim:3002908-039 Initial coin offerings have overtaken venture capital as a funding channel for blockchain start ups, raising 3...
restated_by kaal:claim:3117224-002 Unlike other means of capital formation, ICOs allow promoters to raise funds without sacrificing equity, so pr...

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