Well-crafted term sheets keep investors and token issuers’ incentives aligned

Cryptocurrency Blockchain ICOs Currency VC
Concept of the cryptocurrency or digital money. Photo courtesy of dem10/iStock/Getty Images
Investors are discovering that as venture firms’ portfolio companies turn to token sales and initial coin offerings to raise funds, the path from making equity investments to holding tokens is not straightforward. Take, for example, cybersecurity company MetaCert, which previously raised ...

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