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Not long ago, the idea that entrepreneurs could attract tens of millions of dollars in venture capital to develop a new kind of engine would have seemed ludicrous.
So it's not unlike a TransferWise-style service for SMEs that lack the capital to develop a sophisticated (and expensive) international banking system of their own.
The company, which has raised over $20 million to date from traditional VC investors, held the token sale to raise capital to develop a decentralized payment platform — Omise Go — that it hopes will disrupt the current banking system.
It seemed to neither prevent Intel from investing the required capital to develop a product that met Apple's requirements, nor did it dissuade Apple from using Intel modems when they were eventually ready.
BP Ventures, BP's investment arm, led the round, putting in $10 million, whilst the London headquartered startup says it plans to use the additional capital to develop a "new transactional B2B marketplace," moving beyond its current B2C offering.
Mythical is using its infusion of venture capital to develop a line of PC, mobile and console games on the EOSIO blockchain, which will also be open to developers to build games with "player-owned economies".
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But many are hesitant to venture into the "new world" of mobile — they may not have a mobile strategy in place, or they may be unwilling to commit the capital to developing an effective one.
The company has long tried to increase the percentage of its revenue from services, and analysts expect it to start buying technologies from companies that have neither the capital to develop them nor a base of customers to sell to.
The recent news story about China's national oil company, Cnooc, purchasing a stake in Chesapeake Energy's Texas shale oil and gas fields and agreeing to pony up most of the capital to develop them underscores what an amazing transformation is taking place in the U.S.' energy picture.
Much of his life was spent abroad, raising capital to develop Icelandic industries.
Argentina needs substantial capital to develop the Vaca Muerta, or Dead Cow, field.
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Justyna Jupowicz-Kozak
CEO of Professional Science Editing for Scientists @ prosciediting.com