Photo: Marcin KalinskiBlockchain technology is changing the way many technology startups raise money. The technology is perhaps best known for its connection to the digital currency bitcoin—the ledger that records all bitcoin transactions was built with blockchain technology. But some startups are switching entirely away from equity funding, says Spencer Bogart, managing director and head of research at Blockchain Capital, a venture-capital fund that both invests in ICOs and makes traditional equity investments in startups. His firm has equity investments in many technology startups and has invested in crypto hedge funds Polychain and MetaStable Capital. “Startups around blockchain will likely be started in every industry from health care to transportation to banking to government,” he says.

Source: Wall Street Journal September 25, 2017 02:11 UTC