We are in a frothy period where a new idea — the ICO (Initial Coin Offering) — is starting to look like the next big thing to a lot of people.
Before I saw anything more, full disclosure. I am very excited about ICO’s and I am talking with some partners about how to use iICO’s.
At the same time, we should keep repeating this “ICO’s are not the answer to everyone’s prayers”. They will not replace the VC market. Nor will they replace securities markets. Nor are they printing presses for capital.
The truth is that relatively few people understand how ICO’s can be used to supplement a business model. That will change. And when it does, tokens will be as commonplace as ad-driven revenue streams are now. But we have a way to go before we get there.
And as we go forward, we will see lots of ICO disasters. Strap on your helmets. This will be a bumpy, albeit exciting ride.