Here’s what you need to know about SAFTs — the cryptocurrency fundraising craze that’s shaking up venture capital

Just as blockchain technology is shaking up the startup space, it’s also revamping the way venture capital firms invest in emerging companies.

Over the last year and a half, startups have raised nearly $4 billion through initial coin offerings, or ICOs, which are a kind of unregulated fundraising technique involving the creation of new digital tokens, or units of value.

Venture capitalists have been wanting a piece of the action. Enter the Simple Agreements for Future Tokens, otherwise known as a SAFT.

Becky Peterson

http://www.businessinsider.com/bitcoin-price-what-is-a-saft-blockchain-the-crypto-fundraising-craze-shaking-up-venture-capital-2017-11