ICOs, or initial coin offerings, are the new way for companies all over the world to raise money. This is how it is impacting Silicon Valley.
Silicon Valley companies raise more money than companies anywhere else in the world. Companies here raised $26.6 billion in 2017, double the amount of the next U.S. metropolitan area. Likewise, Silicon Valley has more venture capitalists than anywhere else in the world. In fact, many companies make the pilgrimage to Silicon Valley to be closer to VCs, gaining better access to capital.
