Telegram’s ICO is attracting the industry’s newer crypto investors while firms like Andreessen Horowitz sit this one out

Some of the most prominent investors in cryptocurrency are passing on a much-hyped initial coin offering hosted by the messaging app Telegram, while the venture firms that have largely missed out are preparing to invest. That role reversal is crystallizing ahead of a deadline to decide whether to participate in the $1.2 billion project.

Source: Telegram’s ICO is attracting the industry’s newer crypto investors while firms like Andreessen Horowitz sit this one out