Just as blockchain technology is shaking up the startup space, it's also revamping the way venture capital firms invest in emerging companies.
Over the last year and a half, startups have raised nearly $4 billion through initial coin offerings, or ICOs, which are a kind of unregulated fundraising technique involving the creation of new digital tokens, or units of value.
Venture capitalists have been wanting a piece of the action. Enter the Simple Agreements for Future Tokens, otherwise known as a SAFT.
Image: SAFTs — Simple Agreements for Future Tokens — may invoke images of a casino. But in many ways, they are similar to traditional initial public offerings.Reuters/Siu Chiu
