As a business owner and entrepreneur I’m always thinking of new ideas, projects and solutions to bring to the market. As any business owner knows, launching a new product or idea takes a lot of capitol to ensure completion and execution. Unless you’re planning on bootstrapping your business, however this is a slower process and by the time to do get the idea to market, it may be outdated with all the changes in technology. That is why it’s important to get your idea to the market fast, and be able to evolve your idea keeping up with current demand and upgrades in technology.

Raising seed money, series A and B rounds can take a lot time and can be very expensive, not to mention giving up a good percentage of your company to investors. money. Over the past month, I’ve been researching alternative ways to fund projects to bring to market, one of these is a ICO. There are many benefits of starting your own ICO, of course negative benefits also, however it could allow you to raise enough money is a shorter period of time, while retaining all the percentage of your company. It seems like everyday I am seeing more and more of these ICO’s popping up as I am in the process of creating my own ICO Block-chain.

I came across video from Bitcoin Queen (Margaux Avedisian) that offers some good tips, and best practices of starting an ICO for your business or idea.

DEFINITION of ‘Initial Coin Offering (ICO)’

An unregulated means by which funds are raised for a new cryptocurrency venture. An Initial Coin Offering (ICO) is used by startups to bypass the rigorous and regulated capital-raising process required by venture capitalists or banks. In an ICO campaign, a percentage of the cryptocurrency is sold to early backers of the project in exchange for legal tender or other cryptocurrencies, but usually for Bitcoin.

Also called an Initial Public Coin Offering (IPCO).