New Research: Large-Raise ICOs ‘Never’ Deliver Returns

If an ICO raised “large” amounts during its token sale, it means the returns to investors are “never high,” according to new research published October 25.

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Big Investment, Small Dividends

The results of a survey by cryptoasset investment fund Primitive confirm that investors choosing to send money to ICOs should, in fact, look for those which plan to raise smaller – not larger – amounts.

“We surveyed major ICOs and found – large raises never mean high returns,” Primitive co-founder Dovey Wan commented on Twitter uploading the data.

[A] War chest may buy superficial ‘traction,’ like how 40% of VC money for traditional startups all goes to Google/Facebook on ads. Being able to run lean is key to succeeding as a founder, in any sectors.