ICOs are revolutionizing the startup ecosystem and are fundamentally changing the startup landscape because of the liquidity they provide to team members and investors, beyond what anyone thought possible. Kickstarter proved the idea that people were willing to prepurchase a product, and now ICOs are taking that same idea and applying it to software and services. We have barely seen the disruption as few of the companies funded through ICOs have been brought to market, but the future is bright and wide open. Blockchain and cryptocurrency have the ability to revolutionize the way tech gets done now.
For this to fully work, there is a lot of work that still needs to take place. Teams and investors need to avoid pump & dump scams and insiders taking advantage of the public. The industry is still in the early stages, but already is revolutionizing how startups raise money. As more oversight comes into the market, we should see a fundamental shift in how startups provide equity to their team.
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