Binance: ICO Is 100 Times Easier Than Traditional Venture Capital
May 10, 2018
Changpeng Zhao, Binance crypto exchange CEO, has claimed ICO functioning far better that venture capital (VC) even provided high risks of failure.
In his post titled “ICOs – Not Just ‘Good-to-Have’, But Necessary” Zhao spoke in support of ICO and noted they are 100 times easier for fund raising that traditional venture capital.
Zhao also stated, though some VC investors are eminent in their field, great majority of professional venture capitalists have no idea of the projects or industries they invest in. As Zhao remarked, there is noticeable lack of experience and understanding of the projects’ technologies.
He admitted, ICO market is in its initial stages and so faces problems like scams and failures. Bu the head of the exchange believes, compared to traditional investment projects, larger number of ICO is going to succeed.