Maybe most of these new startup investors don’t know how high the bar is in some sectors for seed capital. Convert Your Seed Investment at the ICOInvestment standards shouldn’t change, and the terms shouldn’t either. So I believe the vast majority of utility tokens will eventually be tied to equity in some manner. You only have to look at Y Combinator to see the value of early-stage venture capital. I believe in the long-term ICOs will affect the mid-stages of venture capital, but not displace them.

Source: Forbes December 05, 2017 06:22 UTC