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Fred's not a dumb guy, even though I never agreed with his Android over iOS statements (Android first, etc). I think he's smart and to him, my opinion doesn't matter, I'm sure.

However, vc is a hundreds, if not thousands of years old. Fine tuned and tweaked in the 80's on to the dot com and thru facebook & google and beyond.

ICO is just a few years old - it's typical for the disrupted to not feel threatened until it's too late. This, in my mind, is the real model going forward. Fuck pandering to Sand Hill road or SV at all - launch an ICO from anywhere in the world on your whitepaper and testnet (shaky???) dev...

ICO's may seem ridic, but this is just the beginning. We are now running at internet speed and there's gonna be a point (soon? who knows when) where this stuff is going to all be automated and 24 seconds will seem quaint.

Welcome to high frequency funding.