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What does a tech startup do after raising $232 million selling digital coins to investors? Set up a VC fund

Tech startup Tezos raised $232 million in July through an "initial coin offering"; Spending $50 million on venture investing, rest being put into stocks, bonds, and precious metals; An unusual use of funds from a tech business, likely to fuel criticism of ICO sector. LONDON — Early-stage tech companies are enjoying a funding boom in 2017, raising over $1 billion so far this year through so-called Initial Coin Offerings.
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