Now, from Wall Street in the United States to London in the United Kingdom, from St. Petersburg in Russia to Beijing in China, and even in every corner of the world are talking about blockchain. The reason blockchain can really be rapidly hot is that over the past few years, bitcoin, Ethereum and other virtual digital currencies have made people see too many people overnight, creating an unprecedented chase frenzy. In particular, it is sought after by entrepreneurs from all over the world. It is foreseeable that with the development of the blockchain, the way of financing for future entrepreneurs will change. With ICO financing becoming the mainstream, the original financing channels will be completely overturned. How are the venture capital institutions such as Softbank, IDG and Sequoia not to be transformed, The future will be no way out.
ICO financing is fast and efficient
This foresight is not arrogant argument, Bitcoin rose 250% this year, more? No, it's still too slow - ETH, the cryptocurrency behind Ethereum, flipped 41 times in the first half of this year and ICO, the UK blockchain company Stratis conducted in August 2016, rose from $ 1 million in less than a year To 1 billion US dollars, doubled 100 times. According to the National Internet Financial Security Committee of Experts on more than 700 kinds of virtual currency monitoring, more than half of the currency in the first half of this year rose more than 10 times.
Li Xiaolai, hailed as China's "bitcoin richest man," completed an ICO called the EOS blockchain project in five days, raising a total of 185 million U.S. dollars. The PressOne project he co-hosted in July, even white papers (similar to IPO prospectuses), took only 4 hours, attracting 14,000 participants and financing nearly 500 million yuan. Projects like Maloney 's jokes that look like April Fools' Day actually exist in reality. Not only got Li Xilai and Xue Manzi celebrities such as the platform, more successfully raised more than 15 million yuan through the ICO.
ICO financing model
In the first half of 2017, more than 700 virtual currency market capped gains，source
National Internet Financial Security Technical Expert Committee of China.
Some people may ask, in the end how ICO financing? Why so favored by entrepreneurs and capital? Here's more about its financing ideas:
The so-called ICO, is the use of investors such as bitcoin virtual digital currency ready, in exchange for ICO project issued a new token. Because of the small number of new currency owners and large price fluctuations, the selling price on the exchange is likely to be much higher than the issue price. The sponsors of the ICO project, using the traditional digital currencies financed by the exchange, exchange the renminbi and other legal currencies at the exchange and put them into designated technical projects.
In order to facilitate understanding, we look at the following figure:
Why ICO sought after
ICO is a variant of the financing method, and in the distribution of the road, there is no harsh issuance examination committee, there is no audit report.
It is sexy - the use of distributed accounting blockchain technology redefined the connotation and denotation of money, to a greater extent the empowerment of users of the currency, representing the future of the monetary system. Mystery - So far no appearance of the founder of Nakamoto is a person or a team? Who owns the most Bitcoin now? How to identify the opponent of the transaction? These are hidden in the 1 and 0 formed code world, no one knows. Scarce - the total amount is limited, not under human control, will not be junk, the precision and restraint of the machine is reflected most vividly.
ICO challenge Softbank, IDG and Sequoia
Given the current pace of development, ICO financing will likely replace VCs represented by Softbank, IDG, Sequoia Capital within the next five years as ICOs will enable entrepreneurs to experience the high efficiency brought by the Internet , More fair than artificially brought, from now on, an irreversible trend.
To sum up, things that seemed impossible before are now slowly becoming possible. A seemingly unlogging, utopian digital logic of 0 to 1 is now changing the future and a new technology is derived , Will surely bring about social progress and increase the efficiency of capital utilization. After many transformations IBM has come to this day, but for those venture capital organizations, the transition may have just begun.
ICO的融资模式未来将杀死软银、IDG、红杉
现在，从美国的华尔街到英国的伦敦，从俄罗斯的圣彼得堡到中国的北京，甚至在全世界的每一个角落都在谈论区块链。区块链真正能够得以迅速火暴起来的原因是这几年比特币、以太坊等各种虚拟数字货币让人们看到了太多的人一夜暴富，形成了前所未的追逐狂潮。尤其是受到了世界各地的创业者的追捧。可以预见，随着区块链的发展，未来创业者的融资方式将发生改变，以ICO进行融资将成为主流，彻底颠覆原有融资渠道，软银、IDG、红杉等风险投资机构如何不转型，未来将没有出路。
ICO融资高效迅猛
这样的预见并不是狂妄自大的议论，比特币今年涨了250%，多吗？不，还是太慢了——以太坊背后的加密货币ETH在今年上半年翻了41倍，英国区块链公司Stratis在2016年8月进行的ICO，不到一年时间从100万美元市值上涨至10亿美元，翻了100倍。根据国家互联网金融安全技术专家委员会对七百余种虚拟货币的监控，今年上半年有超过一半的币种涨了10倍以上。
被誉为中国“比特币首富”的李笑来，用五天完成了名为EOS区块链项目的ICO，成功募资1.85亿美金。而他7月份最新主持的PressOne项目，连白皮书（类似IPO的招股说明书）都没有，却只用了4个小时，就吸引了1.4万人参与，融资近5亿人民币。至于像马勒戈币这种看起来像是愚人节笑话的项目，却在现实中真实存在。不但得到了李笑来和薛蛮子等名人的站台，更成功通过ICO募集超过1500万人民币。
2017年上半年七百余种虚拟货币市值涨幅，资料来源：国家互联网金融安全技术专家委员会
ICO融资模型
有些人会问，到底ICO如何进行融资的？为何那么受到创业者和资本的青睐？下面就具体地说一下它的融资思路：
所谓 ICO，就是投资者使用比特币等现成的虚拟数字货币，去换取ICO项目发行的新代币。因为新币种拥有者少、价格波动大，在交易所的卖出价格很可能比发行价高得多。 而ICO项目发起方利用融来的传统数字货币，在交易所换回人民币等法定货币，再投入到指定的技术项目中。
为了便于理解，我们看如下图：
ICO为何受追捧
ICO是融资方式的一个变种，而且在发行的道路上，没有严酷的发审委，没有任何的审计报告。
它性感——运用分布式记账区块链技术，重新定义了货币的内涵和外延，更大程度给货币的使用者赋权，代表了货币体系的未来。神秘——迄今并未露面的创始人中本聪是一个人还是一个团队？目前拥有比特币最多的是谁？进行交易的对手方究竟如何辨认？这些都被隐藏在1和0组成的代码世界中，无从知晓。稀缺——总量有限，不受人为控制，不会被滥发，机器的精准和克制被体现的淋漓尽致。
ICO向软银、IDG和红杉发起了挑战
如果按照目前的发展速度，未来5年之内，ICO融资将有可能取代以软银、IDG、红杉资本等为代表的风险投资机构，因为ICO更能让创业者感受到互联网带来的高效率，比人工带来的更加公平，从目前来看，这一种不可逆的潮流。
综上所术，以前看似不可能的事情，现在都慢慢地成为可能，一个看似毫无逻辑、乌托邦式的0到1的数字逻辑，现在正在改变着未来，一个新的技术衍生出来，必定会在带来社会进步、资本利用效率提高。IBM经过多次的转型，才走到今天，可这对于那些风险投资机构来讲，转型可能刚刚开始。