In 2015 and in 2016 many mostly young, fledgling technology companies issued their own cryptocurrencies to fund their businesses.
These newly issued cryptocurrencies tokens can be described as a sort of I Owe You or Promissory Note, which is not a firm promise of payment, but is related to the proceeds from a certain project of the company, that has issued the particular cryptocurrency.
This is a very specific niche, which I think is even before angel investors and preceding by a wide margin seed investing by venture capital funds.
That is why new cryptocurrencies issuance will start thriving again soon. Basically, newly minted cryptocurrencies are a way to slice investment risk into even thinner pieces. These new cryptocurrencies have the advantage they have reasonable liquidity, while angel investors' stakes and venture capital stakes in companies are vey difficult to liquidate.
It is not surprising that the leading venture capital funds in Silicon Valley are embracing cryptocurrencies and investing in them.
Sooner or later Bitcoin and cryptocurrencies will become mainstream in my humble opinion.
Cryptocurrencies is the single, most important financial markets, finance innovation in the last more than two decades. And a good innovation always finds its way to change society.
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