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The Pitch

Is the ICO Gold Rush Over?

The Pitch

Josh Muccio

Technology, Business, Investing, Entrepreneurship

4.61.5K Ratings

🗓️ 9 January 2019

⏱️ 39 minutes

🧾️ Download transcript

Summary

After a frustrating round of fundraising for her company PopCom, Dawn Dickson decided that VC was broken. She opted to take a different route: an initial coin offering, or ICO. But then her best-laid plans got all mucked up ... by Uncle Sam.  Today's investors are Jillian Manus, Phil Nadel, Daniel Gulati and Michael Hyatt. Learn more about your ad choices. Visit podcastchoices.com/adchoices

Transcript

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0:00.0

This episode of The Pitch is brought to you by American Express business.

0:05.0

A lot of you listening right now are small business owners or on the journey to become one.

0:10.0

Whether you own a local restaurant, a medical practice, or a consulting firm that you run out of your spare bedroom,

0:16.0

take your business further with the Amex Business Gold Card, now smarter and more flexible,

0:22.0

packed with enhanced benefits to help unlock more business value

0:25.3

than ever before.

0:26.5

Like the ability to earn four times points

0:29.1

that automatically adapt to your top two eligible spending categories every month on up to $150,000 in

0:37.5

purchases per year. Plus up to $395 in annual statement credits on eligible purchases at select business merchants.

0:46.4

Enrollment required terms apply.

0:48.5

Learn more at American Express.com slash business gold card. And stay tuned later in this episode for the pitch clock

0:55.4

brought to you by American Express business.

1:01.6

I'm Josh Muccio and from Gimlet Media this is the pitch. To kick off the new year we decided to go back and

1:08.8

revisit one of our favorite episodes from 2018 one where the entrepreneur did a complete 180 in the months

1:15.3

following her pitch. The company was Popcom and the founder Don Dixon eventually decided

1:21.2

that VC was totally broken.

1:23.7

But when she went a different direction, when she did that 180,

1:26.9

Dawn ran into a whole host of other problems,

1:29.6

which we'll find out about today.

1:31.5

So we're going to play you the original pitch for

1:33.9

Popcom and then we'll check in with Dawn to see where she is now.

1:45.0

Okay here's the original pitch. Hello.

...

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