Wagnisfizierung durch Security Token Offerings (STOs).
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»Venture Ficing Through Security Token Offerings (STOs)«: Security Token Offerings (STOs) were seen as a ficing alternative, especially for start-ups in the crypto sector. Meanwhile, traditional Venture Capital investors seem to have defended their supremacy in start-up ficing. However, with increasing tendency, connecting lines between the ficing types are emerging. The author explores these interrelations between STOs and Venture Capital with a particular focus on the resulting design challenges.
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