Why Do So Many ICOs Fail? Here’s What The Experts Say

PMBC Group client, Sagewise, was featured in The Merkle.

“In the U.S., more than 90 percent of startups “fail” their first year. There isn’t yet enough statistical data that ICOs fail more often than startups that raise [funds] through more traditional means. One needs to define what failure means – does it mean failure to get traction and deliver the product, or failure to raise funds?” —Amy Wan, Sagewise

She has a valid point. When Vitalik Buterin comes out with shocking statements like “90 percent of ICOs will fail,” he’s actually not saying anything new. After all, if it were that easy to come up with a viable idea, get funding, onboard customers, and make it work, everyone would be doing it.

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