How cryptocurrency can help startups get investment capital | Ashwini Anburajan

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4.1 • 11.9K Ratings

🗓️ 9 October 2018

⏱️ 7 minutes

🔗️ Recording | iTunes | RSS

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Summary

We're living in a golden era of innovation, says entrepreneur Ashwini Anburajan -- but venture capital hasn't evolved to keep up, and startups aren't getting the funding they need to grow. In this quick talk, she shares the story of how her company became part of an entirely new way to raise capital, using the powers of cooperation and cryptocurrency.

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Transcript

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0:00.0	This TED Talk features entrepreneur Ashweeney on Burgeon, recorded live at TED Residency 2018.
0:08.8	When I was raising investment for my startup, a venture capitalist said to me,
0:14.2	Ashwini, I think you're going to raise a few million dollars.
0:18.2	And your company, it's going to sell for 50 to 70 million.
0:23.1	You're going to be really excited.
0:25.5	Your early investors
0:26.7	are going to be really excited,
0:28.9	and I'm going to be really upset.
0:31.6	So I'm not going to invest in this deal.
0:34.6	I remember just being dumbstruck.
0:39.1	Who would be unhappy with putting $4 or $5 million into a company
0:44.0	and having it sell for $50 to $70 million?
0:49.3	I was a first-time founder.
0:51.7	I didn't have a wealthy network of individuals to turn to for investment,
0:55.0	so I went to venture capitalists,
0:57.0	the most common form of investor in a technology company.
1:01.0	But I'd never taken the time to understand
1:04.0	what was motivating that VC to invest.
1:08.0	I believe we're living in a golden era of entrepreneurship. There is more opportunity
1:14.3	to build companies than ever before. But the financial systems designed to fund that innovation,
1:22.3	venture capital, they haven't evolved in the past 20 to 30 years. Venture capital was designed to pour large sums of
1:31.3	money into a small number of companies that can sell for over a billion dollars. It was not designed
	...

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