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Token sales, often called Initial Coin Offerings (ICO), are exploding in popularity. Seemingly each week a new record is hit with huge sums being raised by alpha-stage projects in almost no time.

William Mougayar, an investor, author and blogger, who has been at the forefront of the token sale movement joined us to unpack the most dynamic trend in the blockchain ecosystem.

We cover the great promise of token sales in disrupting venture capital and changing how startups are build and grown. We also address the apparent irrationality of valuations and what distinguishes a responsible from a reckless token sale.

Topics discussed in this episode:

– The current state of the ICO market

– Issues with recent ICOs such as BAT, Bancor and Gnosis

– Why more attention needs to be paid to the relationship between token and application usage

– How one should think about token valuations – Whether we are in a bubble or not – How VCs are responding to disruption through ICOs

Links mentioned in this episode:

– Startup Management Blog: http://startupmanagement.org/blog/

– The Ultimate Reading List for Blockchain, Token and Cryptocurrency Sources: http://startupmanagement.org/2017/06/…

– Tokenomics – A Business Guide to Token Usage, Utility and Value: http://startupmanagement.org/2017/06/…

– Raising Tokens to Build a Company or an Ecosystem?: http://startupmanagement.org/2017/06/…

– Business Blockchain on Amazon: https://www.amazon.com/Business-Block…

– Vitalik Buterin on Token Sale Mechanisms: http://vitalik.ca/general/2017/06/09/… – Buyer Beware

– AVC: http://avc.com/2017/06/buyer-beware/

– Token Summit YouTube Channel: https://www.youtube.com/channel/UClKa…

– Token Summit Website: http://tokensummit.com

– Thoughts on the Bancor Token Sale: https://startupmanagement.org/2017/06…

Sponsors:

– iPrize: International startup competition to build the Machine Economy – http://epicenter.tv/iprize

– Jaxx: Wallets that Unify the Blockchain Experience Across Devices – http://epicenter.tv/jaxx