Interesting headline on bitcoin news --- about crowdfunded ICOs no longer being available to the public...
The ICO was hailed as the new IPO, offering a more egalitarian way of raising funds. The fact that crowdsales bring in millions of extra dollars and create an active community from day one doesn’t hurt either. In 2017, the initial coin offering was the fundraising model that had venture capitalists looking on enviously. 2018 began in the same vein, with the public piling into ICOs with gusto. On paper, January’s results look highly impressive, with millions of dollars raised in record time, but the process has now changed. In many cases, the public sale feels more like an afterthought than the main event as ICOs revert back to IPOs in all but name. See full article:
https://news.bitcoin.com/many-token-crowdsales-no-longer-that-open-to-the-crowds/
