kaal:claim:3406323-005

ICOs changed the venture funding market because they provide investors liquidity far faster than the traditional venture capital path to a late IPO or acquisition, letting venture funds capitalize on profits early.

A later claim in the corpus revises this one. Prefer quoting kaal:claim:3606663-006.

Source quote, verbatim

By contrast, ICOs provide liquidity to investors much faster and allow venture capital funds to capitalize on existing profits early.

From

Wulf A. Kaal, Decentralization - A Primer on the New Economy (2019), II. Types of Decentralization, p. 6
https://ssrn.com/abstract=3406323 · source PDF

Cite as

Wulf A. Kaal, Decentralization - A Primer on the New Economy (2019). SSRN: https://ssrn.com/abstract=3406323

Holds when

venture capital funds invested in crypto start-ups

Classification

mechanismsupport: arguedsecurities-laweconomicsinnovationdefi

Related claims

supported_by kaal:claim:3962614-003 Lack of liquidity is one of the biggest problems in the traditional venture capital ecosystem, and the traditi...
restated_by kaal:claim:3409548-033 The legacy private investment fund model delays liquidity: the investment process is long, complex and time in...
supported_by kaal:claim:3606663-008 ICO issuance exceeded venture capital financing of startups for the first time in the second quarter of 2017, ...

Verify

The quote above is an exact substring of the source PDF, whose sha256 is 6293780b57a1ae1de17ec00f99cc94295d4f72ea4d08b17a5c08c44772b221db. Extraction method: pdf-text-layer.
Attestation record: colloquium/attestations/ddec95bcf91e4f17...json
Verify the binding yourself: curl -s https://wulfkaal.github.io/claims/3406323-005.md | sha256sum