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Which is the better between ICO vs VC competition? One of the foremost hardships startups experience is raising capital. And to solve this problem, any business can take advantage of ICO or venture capital (VC). But which ICO vs VC goals is better for any startups?
ICO Vs. VCO Competition
So in ICO vs VCO competition, which one is better for a company? There’s the option of the old and familiar venture capital (VP) and the Initial Coin Offering (ICO).
Venture Capital or VP is raising money coming from a group of venture capitalists who will take the risk of investing their money in exchange for the company equity. The Initial Coin Offering or ICO otherwise is raising money worldwide from any person who has the internet connection and enough money to purchase a token.
With the introduction of blockchain and cryptocurrencies innovation, ICO also had been present for a couple of years. The equity capital combines raising funds from several investors and has also been visible for around several years.
The basics of ICO is that it grants startups to fund themselves without any equity obligation. So ICO could be the game changer. Picture this, why should one share a per cent of the company if, at present, it’s potential to raise money without it? But, don’t rush into things because VC still has a couple of aces with it.
But why do startup entrepreneurs consider ICO as the perfect one? Reports say that there were 5.3 billion allocations be entrepreneurs who developed hundreds of ICOs launched in 2017.
Who can invest in ICOs?
Who Can Invest In ICOs And VCs?
One of the advantages in ICO is that nearly everyone can be an ICO financier as long as they have the internet connection and can access major cryptocurrencies like the Bitcoin (BTC) and Ethereum (ETH). In ICOs, the geographical place is never a barrier.
Furthermore, in ICO, you don’t even need a working item to attract investors as long as your concept is engaging. Another advantage of ICO is that the investment is open to both experts, knowledgeable and the unskilled or inexperienced investors.
Compared to venture capital investors who are often experiencing businesspeople, in ICO you can be an investor even when you have no business experiences. In VC, there should be a concrete and logistic plan and approach to everything.
You would require to have a superb idea, a clear demo, a prominent content on your documents, the best and well-prepared pitch, and a specific roadmap in VC. You should be an expert on your tone, so you have concrete answers to provide from potential capitalists. But the best about VC is that these investors will stick with your business for a long time and they’re not after fast money.
Where To Find ICO vs VC Audience?
First, let’s explain the difference of the ICO to the business consumer sales and VC to business to business sales. Also, it is crucial to note the pros and cons of venture capital vs ICO funding.
VC investors eagerly prefer local-based industries. Why? It lessens their need to study and understand several markets when it comes to competitors and guidelines.
But these kinds of funding commits to countless meetings and finalizing of several documents. Also, the geographical setting is also an essential factor to consider.
VC investors are seasoned businessmen. So, they have a lot to demand from your business and a lot to propose as well. When you don’t have the velvety pitch, an impressive demo, a hard-boiled but remarkable document, and realistically detailed roadmap, then forget VC because these investors will not buy it.
The best about the VC audiences are they’re more dependable and reliable. These investors will support your business for the long run and don’t expect a quick return on their capital. But these VC businesses at present are now also sighting on to the crypto sector to also take advantage of its benefits.
With ICO vs VC investors, the ICO is for everyone and from everywhere. Your business can have the potential to acquire a lot of money even from people living on another continent. You also don’t need to have a working product nor a track record of your business experience. As long as your idea has enough buzz, you will get the funds!
Take an important note that the nature of ICO is the “quick buy-sell process.” So, compared to the VC investors, the ICO investors will only stop by to sell the tokens for a quick profit. By the time they see you undertaking some issues, they will drop your venture without sentimentality.
What do investors look at?
What Do These Investors Look At?
These investors are enthusiastic that the ICO tokens will get high on with time granting them to generate revenues when they offer them later. ICO investors search for a strong idea that they assume will be attractive as soon as the project launched.
However, VC offers startups with several essential things on top of financing. VC financiers provide the startups with company guidelines, scalability, and consulting aside from funding. It’s because VC capitalists are the experts on these aspects. More on, these capitalists offer more business connections which are beneficial for raising the adoption of a brand-new company by the already recognized firms.
But How Do We Persuade Investors?
As an entrepreneur, it’s your foremost duty to raise capital whether through ICO or equity capital. But how to convince financiers? It’s to win the trust of the investors.
Having a stable and robust concept is enough to convince the investors to put funds in your projects. How to shorten the quantity of time you will need in looking for investors lies in how attractive your idea and plan are to the potential capitalists.
Where Can ICOs Launch?
ICOs are available across the globe as long as there’s an internet connection. The ICOs capitalists also don’t care about the geographical setting of the business using the ICO. They will only think about whether the value of their tokens will increase or not. ICOs develop the possibility of organizing together both project leaders and financiers.
Conclusion
ICO vs VC competition has several pros and cons. ICOs outpaced VCs in regards to the amounts collected by startups. ICOs interrupted the traditional investment processes and provided an even effective method of raising capital, yet, it’s still early to jump into conclusion on the fate of VCs. In summary here are the pros and cons of venture capital vs ICO funding according to Cointelegraph:
VC
• Investors Loyalty
• Business guidelines and knowledge support
• Building valuable connections
• PR credit
ICO
• Freedom, no equity required
• No working product needed
• No geographic limitations
• Rapidity – no bureaucracy
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There will come a time when you will decide how to sell your Ethereum once you’ve collected some Ether through buying tokens or mining them. At present, there is a minimal number of industries that accept cryptocurrencies as a form of payment so Ether can only be beneficial to pay for stuff on the Ethereum network. Also, most of the businesses that accept cryptocurrencies as payment just welcome Bitcoin.
If you don’t have the intention of being an operating user of Ethereum, that means you bought Ether as an investment but with the plan to progress it at some point soon. This guide will include several ways of selling Ether and mention some trading points.
How To Sell Ethereum
When you have accumulated several Ether coins, you might be asking yourself now on how to sell Ethereum. On recent articles, we revealed how to acquire some Ether coins. So, now we will include how to get rid of your Ether coins and earn.
The good news is the channels where you purchased your Ethereum are the same channels you can take advantage of the best way to sell Ethereum. So, when you have experienced the benefits of purchasing Ethereum on these channels, here are the several methods you can also sell them:
- Cryptocurrency exchanges
- Ethereum ATMs
- Peer-to-peer trading platforms
- Cash
- Ether Meetup Groups
Purchase Ethereum on cryptocurrency exchanges
There are several tradings available for you to trade in Ether as Ethereum’s status is the second most popular cryptocurrency. Most of the exchanges will have, but most are similar. Here are again the few of the transactions that note Ether as a tradeable token.
These different ATMs grant you to both purchase and sell Ethereum. Bring along your Ether wallet and scan the QR code on the ATM to sell your Ether.
Selling Ethereum With Money
Local Ethereum is the go-to spot when it comes to peer-to-peer trading. As an Ether owner, you can link directly with interested buyers on this platform. Moreover, you can also negotiate a market price. As a seller, you can ask for cash, bank transfer, charge card transfer, PayPal, and other cryptocurrencies as payment for you Ether selling.
Signing Up With AN Ethereum Meetup Group
As an Ether holder, you can also meet like-minded people in your local area. Meetup.com has an entire section devoted to Ethereum-related groups. These meetup groups make it simpler to search for both sellers and buyers of Ethereum.
Methods To Sell Ethereum
There are a lot of different ways to sell Ethereum as much as there are numerous channels to set it about. So, when you’re offering Ether for profit, you might want to search at some of the trading strategies on how to do it.
Holding And Keeping Your Ether
The best recommendation is to stay and keep your Ether until the time is ideal for selling. One of its benefits is that you don’t have to maintain up-to-date on the minute about the cryptocurrency market.
Margin Trading
You might also consider margin trading on how to sell Ethereum especially when perseverance is not a strong point for you. It’s crucial to note that the value of Ether can change during a day. So, you can offer and sell Ether at the right time when the price goes up by checking and monitoring the cost fluctuations closely.
Are you trying to learn what desktop wallet is? Look no further. This is a program that can be downloaded to a desktop computer or laptop. Access to the wallet is only from the device where it is installed. They can be used to store bitcoins and other types of cryptocurrency and depending on your level of activity and how safe your bitcoins are. You can also use a specific wallet, depending on how often you access your funds and how much money you want to keep in your wallet.
The wallet is needed to store, exchange and conduct transactions with digital currencies. The sender gives you the ownership of the coins. To access them, the private key that is stored in your wallet must match the public key to which the digital currency is attached. After this happens, a record appears in the blockchain that the transaction has been completed.
Are desktop wallets secure?
Using a desktop wallet helps users to get rid of third parties and are considered more secure than online wallets, mobile or hardware wallets. Meaning that user can receive and send money, exchange directly in the wallet for other currencies. If, when using an online wallet, there is a high probability that coins can be stolen by service owners, then this is not possible with a software wallet, because it has only one owner. The client has the right to create a backup copy, or several, to protect themselves from loss of funds.
Let’s imagine for a moment that another unpleasant situation has occurred. Maybe an operating system crashed on your computer or someone stole your laptop … In other words, the wallet has disappeared! Thanks to two-factor authentication and multi-signatures, neither hackers nor thieves will be able to regain access to your bitcoins – just like you! Unless, of course, you have no backup (safety net).
What are public and private keys?
The private key (also known as private) is a 256-bit digit encoded in various formats. Visually, it looks like a set of letters and numbers. The type of private key depends on the format. At the same time, a public (public) key is a unique address used in the blockchain, accessible to all network participants. A public key consists of a set of letters and numbers generated from a private key. It is used to identify the user. To receive a cryptocurrency transfer, the public key is provided to the sender.
Each wallet is managed by a piece of code that allows you to receive or send coins, as well as store them with varying degrees of reliability. The public and private keys that your wallet generates and stores are necessary for you to “sign” (approve) each new transaction of money to another wallet. A user without a digital signature can not transfer coins from one wallet to another. It must be remembered that the public key can be extracted from the private key. It turns out that if someone knows your private key and extracts a public key from it, he can also “sign” a transaction – and you will lose money. Do not confuse the public key with the public address. Public address is given to anyone who wants to transfer money to you. Since your private key is a string consisting of letters and numbers, you can print it, copy it to a USB flash drive and send it to your wallet in your phone or computer.