Mike Novogratz told how he missed the Telegram Open Network ICO

Mike Novogratz told how he missed the Telegram Open Network ICO due to indecision

Founder of Galaxy Cryptocurrency Merchant Bank Digital Mike Novogratz In an interview with The Block, he told how he almost became an investor in the Telegram blockchain project, but missed the right moment due to the fact that he could not decide for a long time.

“I tried to get in at a late stage. All my guys hated them. The white paper was lousy, but one day I woke up and wondered what I was talking about. They have world-class CEOs. They had 225 million customers at the time. Who needs white paper anyway? This is all open source software, you can just copy the white paper from someone else. And then I called. We talked for a long time. And I’m like, “Man, I know you closed the first round.” The first round was 37 cents. The second round was a buck and a quarter. It seemed wild to me. I say: “Wait a minute, but your company is worth 4 times more” “.

Answering the question of the interlocutor about how he got in touch with the organizers of the ICO TON, while many large investors were left out of work, and the campaign was carried out in conditions of increased secrecy, Novogratz said: “They called me 15-20 times, tried to lure me … And I said that my guys hate this offer “.

Mike Novogratz told how he missed the Telegram Open Network ICO due to indecision The founder of the cryptocurrency trading bank Galaxy Digital, Mike Novogratz, told The Block how he almost became an investor in the Telegram blockchain project, but missed the right moment due to the fact that could make up his mind.

Three weeks later, Novogratz changed his mind, but it was too late: “He says: ‘Dude, I can’t help you.’ I found this situation funny, because for the first time I faced the fact that the cryptocurrency industry has grown a little. All other trades could always be entered, even if they were already closed, because we have a big name. I was about to write a giant check from myself and the big investor, but that guy said he had a limit and they weren’t taking anyone else. “But I’ll gladly give you a lot in the second round,” he said. “.

The entrepreneur also noted that it will be interesting for him to watch the TON trading, since the cryptocurrency market has experienced a significant decline since the token sale. “I admire watching Telegram because they have 280 million customers. Let’s see what they offer and how quickly people will accept it, ”he added..

Mike Novogratz told how he missed the Telegram Open Network ICO due to indecision The founder of the cryptocurrency trading bank Galaxy Digital, Mike Novogratz, told The Block how he almost became an investor in the Telegram blockchain project, but missed the right moment due to the fact that could make up his mind.