ICO vs. Venture Capital - The Other Crypto Revolution

Have you ever tried to get venture capital? Me, either. Because it's pretty damn hard. It's an entirely different skill set than design, invention, and creation. Quite often, someone well-equipped to create a dynamic product is ill-equipped to handle the business end of things. It's sort of like being an author, and submitting your work to a literary agent. You can have the best novel in the world, but if they don't like your cover letter, you can't even get your foot in the door.

ICOs, I maintain, are revolutionary in and of themselves, crypto aside. It's pretty much Kickstarter on a grand scale.

Think about that. To be able to raise hundreds of millions of dollars for a project, and only answering to the market and end users. Literally doing an end run around cutthroat VC gatekeepers.

Now, a lot of VC are a fine bunch. But, damn, if you don't pretty much hand them everything on a silver platter, along with a nice piece of ownership, you are going to be dead in the water. Or, you would have been, in the past.

The times, they are achangin'.

There's a downside, of course. The disruptions in the market as people scramble for the latest ERC-20 issue. The ICOs that are clearly just a cash grab. The epic hacks.

No wonder the feds are cracking down. The blockchain revolution is spawning further revolutions, and venture capital is a pretty important field for this to happen in. Innovation drives economies. What we're seeing here are just the opening salvos in a new civil war that we just might have a chance of winning.

What are your favorite ICOs of late, and why?