Telegram is raising money for what will likely be the largest initial coin offering in history. The company confirmed with the SEC it has privately raised $850 Million for the offering, and reports say Telegram is planning a second round of private financing. Full Tilt Capital's Managing Partner Anthony Pompliano explains why Telegram has been able to raise so much capital.
"This is a team that has proven themselves," says Pompliano. "I think they've got a pretty interesting plan moving forward in terms of what they want to do with their money."
Roughly $4 billion was raised by ICOs in 2017, according to EY, compared with $6.8 billion raised through traditional angel and seed financing in 2017, according to PitchBook. Regulators are now looking to crack down on this growing ICO market. "This is new we haven't seen this before so I think people are trying to figure out the best way to participate," says Pompliano.
Citrotech CEO Wes Bolsen discusses how innovative building materials could prevent fires, slow their spread and reshape the future of fire-safe construction.
Complex President Moksha Fitzgibbons explains how the brand is blending media, AI, e-commerce, sports & live experiences to build a new kind of culture business
Amazon’s Daniel Rausch, VP of Alexa and Echo, on Alexa’s AI evolution, the future of voice commerce and why your next shopping assistant could be Alexa.
PlantSwitch CEO Dillon Baxter reveals how agricultural byproducts like rice hulls and wheat straw could help replace plastics with plant-based alternatives.
