💡An ICO is being considered as an alternative to series B funding for the launch.
📈ICO offers additional benefits like marketing, networking, staffing, and help with partnerships and regulations.
❌ICO can be seen as a betrayal by VCs and the founder's direct competition.
🏛️ICO requires careful consideration of legal aspects and regulations that are rapidly evolving.
🤝Other stakeholders in the company should be consulted for diverse perspectives and advice.
What is an ICO?
—ICO stands for Initial Coin Offering. It is a fundraising method which companies use to raise capital by issuing tokens instead of traditional shares.
What benefits does an ICO offer?
—ICO offers additional benefits like marketing assistance, networking opportunities, help with staffing, negotiating partnerships, and navigating regulations.
Will an ICO alienate VCs?
—Yes, an ICO might be seen as a betrayal by VCs as it would involve giving up board seats and shares to them.
What should be considered before launching an ICO?
—Launching an ICO requires careful consideration of legal aspects, rapidly changing regulations, and potential risks involved.
Who should be consulted before deciding on an ICO?
—Consultation with other stakeholders, experts, and trusted advisors is essential to gather diverse perspectives and advice.
00:01Guilfoyle proposes considering an ICO instead of series B funding for the launch.
01:10An ICO offers additional benefits like marketing assistance, networking, and help with partnerships and regulations.
01:44ICO can be seen as a betrayal by VCs and the founder's direct competition.
01:53Launching an ICO requires careful consideration of legal aspects and rapidly changing regulations.
02:00Consultation with other stakeholders, experts, and trusted advisors is essential before deciding on an ICO.
