Since so many ICOs seem to be getting done privately by big institutions investors where the public needs to have connections to get in to a large minimum investment (Eg. 100 ETH+)...
Do you think Public Pre-Sales (e.g. minimum 100 ETH) or Pre-Sale Pools will even exist in 2 years?
The cat is out of the bag. I think both private token sales and public ICOs will continue to proliferate. There are, of course, huge opportunities for VCs to push for private equity. No different than IPOs. So we'll continue to see two distinct classes of coin offerings -- 1) top tier private offerings for accredited investors and 2) public ICOs for everyone else.
We're seeing diminishing returns from the current wave of ICOs, and that's why a lot of people think they won't last. But the reality is this: even if ICOs were mostly cash grabs based on vaporware, they are a fundamentally groundbreaking fundraising mechanism. They remove major investment barriers for people across classes. Working class folks and people in developing countries have never had this sort of access to liquid investments. So they aren't going anywhere.
I think the first wave of ICOs were mostly comparable to altcoins in 2013 -- the Devcoins, the Chinacoins, the Feathercoins. The next wave of hype and investment will blow a lot of peoples' minds.
