Binance CEO Says ICOs Are ‘Necessary,’ Most VCs ‘Have No Clue’


The CEO of Binance, the world’s largest cryptocurrency exchange, believes that initial coin offerings (ICOs) are set to supplant traditional venture capital as the primary method through which early-stage startups finance their growth. Writing in a blog post titled “ICOs — Not Just ‘Good-to-Have,’ But Necessary,” Zhao praised the virtues of ICOs, explaining from first-hand

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Posted by Josiah Wilmoth on May 9, 2018 @ https://www.ccn.com/binance-ceo-says-icos-are-necessary-most-vcs-have-no-clue/

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