Podim: ICOs Changed Everything and Nothing at the Same Time
Date: May 17th 2018
Author: Alenka Lena Klopčič
Category: En.vision
Topic:
New technologies
, Economy
Initial coin offerings (ICOs) changed everything and nothing at the same time, said Carlos Eduardo Espinal of Britain's Seedcamp at this year's Podim Conference 2018 in Maribor, Slovenia. In just over a decade, Espinal helped over 270 companies to get investment, whereas Seedcamp also makes its own investments using crypto tokens. So how will ICOs contribute to the world of startup investment?

In the panel which followed, investors Philippe Suchet (Spider Capital Partners), Jure Mikuž (South Central Ventures), and David Prais (Cofound.it) warned that we still need to be very careful in this regard, both when the investments are carried out by funds and in the case of ICOs.
“The share of crypto-millionaires, who are remarkably young, is very high in Slovenia,” said David Prais, adding that some of them are highly skilled at communication and (self-)promotion, whereas others focus mostly on one thing – the work. However, the intentions of both will become quite clear in the following months, said Prais.
According to Carlos Eduardo Espinal, ICOs do not interfere directly with traditional funds or their investments, but simply contribute to the diversification of the investment part of the startup ecosystem. He added that he expects to see an increase in quality both on the side of the investors and on the side of the startups looking for investors.
This article is available also in Slovene.
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