ICO mania was at an all-time high at the tail-end of 2017 — we all know this. As a wary investor in the space, I had a front row seat to the mayhem and watched as most issuers threw caution to the wind with the expectation of raising a boatload of cash now and figuring everything else out later.

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On the surface, this seemed opportunistic (make hay while the sun shines?). However, underneath, the process by which most of these companies were raising funds gave little attention to some really important foundational components such as proper corporate structuring, capital formation…

Alex Miningham

CEO Proof Network Ventures, technology advisor & investor

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