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.
Oura Ring CEO Tom Hale joins Cheddar to take us inside the comprehensive health tracking device, explains how it works and how it can save your life. Watch!
NASCAR star Bubba Wallace joins Steve Quirk, Chief Brokerage Officer at Robinhood, on the floor of the NYSE to discuss their latest partnership. Watch!
Adam Bierman, author of 'Weed Empire,' talks about the cannabis business in America and how he battled the Department of Justice and investment banks. Watch!
Hoyt McGarity, CEO & President of 8AM Golf, joins Cheddar to discuss TGL and how the technology is changing the game of golf right before our eyes. Watch!
