When speaking about fundraising blockchain companies, venture capital (VC) and ICO are the two dominating sources. Before 2017, VC was the most common way for startup companies and small businesses to get investment, as they usually have no access to capital markets. Venture capitalists consider such risky investments when they see long-term growth potential in these companies. According to KPMG, VC investment in blockchain companies peaked in 2016 at $544 million across 132 deals [8). Other sources come up with different numbers for 2016- $496 million from CoinDesk and $450 from PwC [9). This discrepancy occurs due to different calculation approaches.