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Well a lot could go to VC's and acquire money but would all get the same amount of money as they are getting through the ICO's? Some might but some definitely will not lol.

I think VCs want a bit more than a website and a whitepaper, Im a cyrypto-dinosaur though, I look back to "the good old days"

Yes, they want a lot more, they might want to restructure the whole organization. But plenty of ICO's would succeed in getting funds from VCs

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