It is a common misconception that Initial Coin Offerings (“ICOs”) are an unregulated way for companies, in particular early stage companies, to raise finance for their projects. Avoiding the traditional and often ill-desired routes to financing, such as taking on demanding, control obsessed venture capital partners, they are seen as a quicker and less costly option, a mistaken belief that is propagated by the tech corporate finance press’s portrayal of an ICO as a sure fire way to attract investment for your start up. Continue reading →