Japanese Billionaire: ICO Democratizes Venture Capital Financing
October 15, 2017
According to opinion of the Japanese billionaire and venture capitalist, ICO will become an important source of financing for startup companies in the future. Reporting with CNBC during Singapore week of Innovation and Technology, Taizo Song made the point that ICO will be 'the main method' of capital raising for startups.
Besides, Taizo Song added that "[ICO] is incredibly good, because it democratizes venture financing. Not only professionals and large venture capitalists have an opportunity to take part in creation of interesting and exciting projects, but individuals have a chance to participate in these projects, too."