In under 30 seconds, Brave, a browser startup, raised an eye-popping $35 million from investors. Tenx, a fintech startup, raised $34 million in under 7 minutes. Status.im, a messaging app, raised $100 million in under three hours. What explains these record financing times? Three words: initial coin offering (ICO).
Landing a meeting, pitching your idea and negotiating fair deals with VC firms can be very difficult. Investors ask for too much stock and eat away your equity. Employees stock options are sometimes no better.