Summary of How Cryptocurrency Can Help New Companies Get Investment Capital

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Rating

8 Overall

7 Importance

9 Innovation

7 Style


Recommendation

Entrepreneur Ashwini Anburajan believes the traditional venture capital model is obsolete. The staid paradigm has failed to change with the times and now benefits only companies with billion-dollar potential. She presents an alternative that democratizes access to start-up capital and has the potential to fuel innovation, social change and diversity. Anburajan’s engaging presentation will appeal to anyone who is interested in launching a start-up but who lacks friends in high places to help get the venture off the ground. 

In this summary, you will learn

  • How the venture capital system is flawed,
  • Why initial coin offerings (ICOs) are a viable alternative and
  • How digital currencies can democratize investment.
 

About the Speaker

Ashwini Anburajan is the founder and CEO of Social Data Collective and OpenUp, two ad tech firms.

 

Summary

When serial entrepreneur Ashwini Anburajan was pitching a start-up to venture capitalists, one investor liked her proposal – telling her to expect to raise $4 million or $5 million and to sell her company for between $50 million and $70 million – but declined to invest. Anburajan was stunned. Who wouldn’t want that kind of return? She cast a critical eye on the outmoded venture capitalist (VC) model. Alas, its structure means that only the few companies that expect to sell for $1 billion or more manage to secure funding, while smaller promising companies lose out. She concluded that if the purpose of entrepreneurship is to create a smattering of companies worth billions, then VC is the right path. But if the goal is to galvanize innovation and encourage founders to build enterprises of different sizes, the time is ripe for new funding models. 


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    Kumar Abhishek 3 weeks ago
    excited to learn yet another implementaion. It's impressive how blockchain can transform modern business. This is just the beginning.