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RE: EOS Announcement - What Just Happened
4 VCs already working with innovators. Brings that innovation onto EOS
Downsides for developers and new projects is barriers to entry and VC equity stake.
My thought is that adopting the language of ICO is a mistake for new projects which are trying to kickstart their inventions.
The precedent being set by everipedia is good under certain circumstances but dosen't necassarily apply to all projects looking to build on EOS.
There are also other benefits and disadvantages outside of funding to adopting an airdrop distribution model but for EOS token holders the everipedia announcement is good and if others follow then great more the merrier.
yep, ther'll still be plenty of projects choosing the ICO route however I can see the high quality ones choosing the VC route to ensure a fast track, minimal distractions and Block.One global contacts to get the maximum traction in order to beat out the competish.