A venture capital firm called Blockchain Capital plans to do something that could change the way companies get funded—and perhaps even the way they operate. Instead of an Initial Public Offering, in which a company sells stock via a regulated exchange like Nasdaq, the VC firm is making an Initial Coin Offering, selling its own digital token as a way of raising money for its latest venture fund. Anyone who buys a token will be buying into the fund.
Yes, they call it an ICO, and over the last 14 months, more than 60 startups, open source projects, and ragtag online communities used this method to raise over $250 million for their own business efforts.
For now, this strange new breed of business operates outside of government oversight, and nobody is really sure how governments will regulate these kinds of sales. That’s where Blockchain Capital comes in.
ICOs are a very different animal from IPOs. Operating atop a blockchain—a vast ledger for recording digital transactions, like the one that underpins bitcoin—these coins have value in and of themselves. When you buy a coin, you’re not just buying something that represents a piece of an operation.
At this week's METal Blockchain Capital managing partner Brock Pierce will share how the next germination of companies with use ICO as their new funding sources.
Brock Pierce is a venture capitalist and entrepreneur with an extensive track record of founding, advising and investing in disruptive businesses. His level of domain knowledge and deep connections in gaming, Blockchain technology and the digital currency space are unparalleled. Mr. Pierce pioneered the market for digital currency in games and has raised more than $200 million for companies he founded. He is the Chairman of the Bitcoin Foundation and Co-Founder and Managing Partner of Blockchain Capital.
This Event Does INCLUDE Breakfast!
This is a Men's Only Event, No One Under 21 without Approved Exceptions
RSVP for this METal Event: $35 METal Members and $50 for Non-Member/Guest.
Please RSVP "YES" (Before 6pm Friday March 24th, 2017)
Members with an RSVP after 6pm will incur a $5 additional fee.
If you RSVP "YES" without attending, you will be CHARGED the Full Admission Fee! Pre-paid event payments are non-refundable.
9:00am - 10:00am Check In Time / Connecting
10:00am - 12:30pm Speeches / Performances
The Downtown Independent
251 S Main Street
Los Angeles, CA 90012
If you have a service animal, please contact us for arrangements before Friday at 6pm (310) 305-4100.
For membership information and inquiry, please email Membership@METalInternational.com
Parking at the Independent Theater:
There is plenty of street (meter parking) available near the venue at $0.50 per hour. Parking lots and structures are also located near the theater, for those that are interested in taking the Metro, the closest metro stations are (The Civic Center / Grand Park Station & The Pershing Square station).
From March 25, 2017 9:00 am to 12:30 pm Save to calendar