Silicon Valley’s hot new way to invest comes with a catch

MADRID: It’s too late to invest in Airbnb Inc but a company that bills itself as the Airbnb of cloud computer storage is raising cash – and anyone with an Internet connection can get in on the action.

Storj Labs Inc is selling digital coins at 50 US cents apiece to raise US$30mil in an early stage financing round. In just five days, hundreds of contributors signed up for a piece of what they hope will be the next Silicon Valley unicorn. But there’s a catch – unlike traditional venture capital investments, the tokens don’t confer a claim on Storj’s equity or future profits.