“Element Group founder Stan Miroshnik, whose investment bank is focused on digital token crowd sales and ICOs, calls it the somewhat inevitable bifurcation between “tier one issuers and everybody else,” wherein the “big, quality offerings are drawing the majority of capital.”
“If you’re willing to go through the pain of actually taking cryptocurrency, it’s a great endorsement of the philosophy we’re all pushing, ”says Stan Miroshnik, chief executive officer of the Element Group, an investment bank focused on digital-token capital markets.
Thejas Nalval is a director within the Portfolio Management team at Element Digital Asset Management. He brings over 10 years of experience in trading and risk management. Prior to joining the Element Group, he spent three years at a boutique inter-dealer broker as the lead trading strategist. In that role, he structured custom alpha generation solutions for mid to large size institutions. Prior to that, he worked as a risk manager at JP Morgan for the US cash and equity derivative businesses. Nalval holds a BA from Rutgers University and an MBA from the Stern School of Business at New York University.
“Stan Miroshnik, an L.A.-based banker whose outfit, Element Group, is exclusively focused on the digital token capital markets, said that simply figuring out how to appraise a venture-backed company that has also raised money through an ICO is proving a minefield.”
“Those are incredible numbers,” says Stan Miroshnik, CEO of the Element Group, which provides investment bank-style advice and services to groups launching coin offerings. “Those are IPO-level numbers in the public market.”
Nancy Wojtas, partner at Cooley; Kathryn Haun, board member at Coinbase; Stan Miroshnik, CEO and managing director at Element; and Lowell Ness, partner at Perkins Coie, demystified and further debated looming government regulation (and lack thereof).
According to the Element Group, which accompanied several of the largest ICOs this year, the median (most frequent) payment in the fall of this year was 1 ETH.
Stan Miroshnik, managing director of The Element Group, an investment bank for the cryptocurrency and token-based capital markets, who gets queries from Russia, Kazakhstan, Indonesia, Malaysia, countries in Latin America and all over the world, says he asks founders who come to him, “What purpose does a token have for your company’s ecosystem? Or is it something exogenous you’re creating just to access this funding environment?” You should be asking yourself the same — and avoiding any investments in the latter category.
Stan Miroshnik, CEO and managing director, Element Group: "The bitcoin economy is supported by all the goods and services you can buy with bitcoin, as well as the infrastructure investments made by thousands of people to support the distributed bitcoin network. All of this has fundamental value. I can pay in bitcoin faster, cheaper and more secure than with PayPal, this is a fundamental value."