ICOs show 'follow the money' still rings true

ICOs show 'follow the money' still rings true

Photographer: Chris Ratcliffe/Bloomberg

Identifying successful startups amid the dozens of initial coin offerings taking place each week may be easier than it appears.

“The long-term winners are going to be the ones who have a mission that can only be accomplished by issuing a token,” billionaire venture capitalist Tim Draper said in an email. “The tokens that spread the widest or have the most loyal following will do the best, regardless of how much they raise.”

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