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RE: What are the risks when an ICO like Tezos (or EOS) raises TOO much? Marc Andreessen's Wisdom
I was having the same conversation yesterday.
These folks are raising millions of dollars and only have vapourware. Plus, if you read the fine print for EOS, it basically states, If you choose to agree, we can do anything, we can take the money and run.
People are investing based on the reputation of the two lead members of the technology.