On December 4-6, our own Chris Kameir was a speaker at the Market Lending and Alternative Financing Summit, which took place in Dana Point, CA. The diverse panel included, major startup entrepreneurs, broker dealers, securities attorneys specializing in crowdfunding and various forms of financing and alternative financing.
Topics discussed included whether a coin offering may be used in an IPO, Using ICO’s in mini-IPOs. Combining traditional fundraising with ICOs and more. The panelists held diverse views. Chris clearly explained the difference between infrastructure ICOs (i.e. those financing the initial building of a platform) and ICOs offered as a natural extension of a company’s existing business. He went on to say that ICOs and IPOs aren’t parallel but have some very important differences. “Everr ICO is unique,” he explained, unlike IPOs which are standardized. “ICOs to look for are those which flow naturally from the existing structure or function of a company’s business. For instance, frequent flyer miles – if one were to tokenize those it would merely be an additional function to an already existing natural function.” This is distinguished from a company which creates tokens for the sole purpose of financing itself. In other words – it’s a brave new world and no two ICOs are alike, so do your homework if you plan to invest.