A growing number of tech start-ups are attracting capital through initial coin offerings (ICOs), a crowdfunding arrangement in which companies issue their own digital money to fund projects under development. In this incisive and highly accessible article, financial journalist Nathaniel Popper explains the ICO process and identifies the risks people take in making these idiosyncratic investments. While never giving investment advice, getAbstract nonetheless recommends this worthwhile read to entrepreneurs, investors and anyone interested in how ICOs work.
About the Author
Nathaniel Popper writes about finance and technology for The New York Times.