AngelList Enables Initial Coin Offerings, or ICOs

May 23, 2017

For a new form of funding, initial coin offerings, or ICOs, have been raising money at astonishing speed — amassing about $440 million over two years, mostly for developers of early-stage projects.These crowdsales of new cryptocurrencies give entrepreneurs access to funding from the crowd, and token buyers, in turn, get something akin to a form of equity in the network, since, if the platform becomes more popular, the price for their shares should rise. Read More.