Dying startups rushing to ICO so that VCs can get some of their money back

in #ico7 years ago

Coming from this article https://outlierventures.io/billion-dollar-tokens-icos-wtf-is-going-on/

"A plethora of zombie startups (no growth, stalling) will ICO over the next 18 months, often directly pushed by their VCs, to enable them to liquidate their positions. You can spot these a mile-off based on the lack of lock-in / vesting periods for existing investors."

What do you think? Will this really happen or do you think this is already the case for Kin ICO by KiK (https://kin.kik.com/)

Sort:  

Congratulations @ggeorgiev! You have completed some achievement on Steemit and have been rewarded with new badge(s) :

You got a First Reply

Click on any badge to view your own Board of Honor on SteemitBoard.
For more information about SteemitBoard, click here

If you no longer want to receive notifications, reply to this comment with the word STOP

By upvoting this notification, you can help all Steemit users. Learn how here!

Thanks but I really don't get it..

Coin Marketplace

STEEM 0.21
TRX 0.26
JST 0.040
BTC 101666.04
ETH 3693.34
USDT 1.00
SBD 3.13