# kaal:claim:3406323-006

**Claim.** During the ICO boom years the venture capital market in the decentralized technology sector ground to a halt, and the later demise of the ICO market reversed the trend back toward venture funding.

**Type.** empirical  **Support.** asserted

**Holds when.**

- decentralized technology sector during the ICO boom, roughly March 2017 to June 2018

**Source quote.**

> During the ICO boom years, the venture capital market in the decentralized technology sector ground to a halt.

**From.** Wulf A. Kaal, *Decentralization - A Primer on the New Economy* (2019), II. Types of Decentralization, page 6

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

**Verify.** sha256 of source PDF `6293780b57a1ae1de17ec00f99cc94295d4f72ea4d08b17a5c08c44772b221db` at https://raw.githubusercontent.com/wulfkaal/Academic-Papers/main/papers/pdf/Kaal%20-%202019%20-%20Decentralization%20-%20A%20Primer%20on%20the%20New%20Economy.pdf

**Failure mode.** venture-market-displacement  (family: liquidity-and-market-structure-failure)

**Topics.** securities-law, economics, innovation, blockchain

**Keywords.** ico-market, venture-capital, crowding-out, blockchain-industry

**Related claims.**

- supported_by: https://wulfkaal.github.io/claims/3606663-006
- supersedes: https://wulfkaal.github.io/claims/3067615-015
- extended_by: https://wulfkaal.github.io/claims/3409548-014
- supported_by: https://wulfkaal.github.io/claims/3606663-008

**Canonical form.** This markdown file is the canonical hashed representation of the claim. Its sha256 is the content hash used for attestation.