• Live Fast, Die Young: Many Startups Powered by Initial Coin Offerings Don't Last, But There's Still Money to Be Made

    2 monthes ago - By Fortune

    Double your money in a couple weeks, or lose your shirt within a few months.
    That's the pattern for initial coin offerings detected by economists Leonard Kostovetsky and Hugo Benedetti at Boston College, who conducted a study of over 4,000 startups that raised $12 billion from January 2017 to April 2018.
    An ICO is a way for startups to raise early funds, but unlike conventional investments, the so-called coins, or tokens, will later serve as a currency to be exchanged on a new platform. Few people, including the people offering them, really seem to understand all the differences between...
    Read more ...