kaal:claim:3962614-017

At its peak in the 2019 cycle the volume of initial coin offerings surpassed venture capital firms and business angels as a fundraising method for startups.

Source quote, verbatim

At its peak in the 2019 cycle, the volume of ICOs has surpassed VCs and BAs as a fundraising method for startups.

From

Wulf A. Kaal, REPUTATION AS CAPITAL – How Decentralized Autonomous Organizations Address Shortcomings in the Ventu (2021), III. Alternative Early Round Funding Mechanisms, p. 11
https://ssrn.com/abstract=3962614 · source PDF

Cite as

Wulf A. Kaal, REPUTATION AS CAPITAL – How Decentralized Autonomous Organizations Address Shortcomings in the Ventu (2021). SSRN: https://ssrn.com/abstract=3962614

Holds when

the 2019 market cycle peak

Classification

empiricalsupport: evidencedsecurities-lawinnovation

Related claims

supports kaal:claim:3002908-039 Initial coin offerings have overtaken venture capital as a funding channel for blockchain start ups, raising 3...

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