GRUENDERSZENE - Oct 11 - "Paid dating" startup Ohlala wanted to raise 100M Eur from an ICO. But Ohlala's founder Pia Poppenreiter now said there will be no public token sale. "I realized that this would not serve the larger goal of building a sustainable, global player in the paid dating industry," said the founder. The Ohlala team does not seem to be the only one that currently disregards an ICO. ICO global investment fell sharply as the year progressed: In January, companies raised $ 2.4B in ICO compared to $300M in September. ICOs can be a huge risk for the investors: Those who participated in the ICO of the Frankfurt Fintechs Savedroid money, lost 93% of their money.
This post also appears on OnlinePersonalsWatch.