Dave Farber
2018-05-31 18:24:09 UTC
Date: May 31, 2018 at 14:22:29 EDT
Subject: "Irrational Exuberance" Redefined AND/OR The Mark of "The Beginning Of The End" of This Era as...
A blockchain start-up just raised $4 billion, without a live product
Cayman Islands start-up Block.one raised $4 billion as of Thursday, eclipsing the world's biggest initial public offerings this year and more than doubling the next biggest offering of that type.
But its product doesn't fully launch until June 1 and investors don't know how the majority of that capital will be used.
"They have set the bar very high for themselves in terms of delivery expectations," says William William Mougayar, managing partner at JM3 Capital and author of "The Business Blockchain."
â[...]
https://www.cnbc.com/2018/05/31/a-blockchain-start-up-just-raised-4-billion-without-a-live-product.htmlâ
--
living as The Truth is True
http://geoff.livejournal.com
This message was sent to the list address and trashed, but can be found online.
-------------------------------------------Subject: "Irrational Exuberance" Redefined AND/OR The Mark of "The Beginning Of The End" of This Era as...
A blockchain start-up just raised $4 billion, without a live product
Cayman Islands start-up Block.one raised $4 billion as of Thursday, eclipsing the world's biggest initial public offerings this year and more than doubling the next biggest offering of that type.
But its product doesn't fully launch until June 1 and investors don't know how the majority of that capital will be used.
"They have set the bar very high for themselves in terms of delivery expectations," says William William Mougayar, managing partner at JM3 Capital and author of "The Business Blockchain."
â[...]
https://www.cnbc.com/2018/05/31/a-blockchain-start-up-just-raised-4-billion-without-a-live-product.htmlâ
--
living as The Truth is True
http://geoff.livejournal.com
This message was sent to the list address and trashed, but can be found online.
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