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Here’s what you need to know about SAFTs — the cryptocurrency fundraising craze that’s shaking up venture capital

November 21, 2017 /

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Just as blockchain technology is shaking up the startup space, it’s also revamping the way venture capital firms invest in emerging companies.

Over the last year and a half, startups have raised nearly $4 billion through initial coin offerings, or ICOs, which are a kind of unregulated fundraising technique involving the creation of new digital tokens, or units of value.

Venture capitalists have been wanting a piece of the action. Enter the Simple Agreements for Future Tokens, otherwise known as a SAFT.

Becky Peterson

http://www.businessinsider.com/bitcoin-price-what-is-a-saft-blockchain-the-crypto-fundraising-craze-shaking-up-venture-capital-2017-11

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