Even after outlining their opinion of the equal pros to the project’s cons, they “aren’t convinced that Telegram will deliver significant upside beyond the ICO valuation.”
Previously, Jason Bloomberg – writing for Forbes – outlined his view that Telegram’s ICO could be little more than an avenue for an ailing company to raise funds in a desperate bid to sustain its business; something that the service’s founder, Pavel Durov, has typically provided.
Travis Scher, Vice President of Investments at Digital Currency Group, elaborated that “It (Telegram) really felt like it was one of these start-ups that’s burning through cash and needs a way to bring money in to keep funding their operations”.
Read the entire article at https://www.coininsider.com/telegram-1-7-billion-ico-criticism/.
