Everyone tries to raise money via ICO campaign these days. Putting that aside, has anyone tried to get in touch with venture capitals and how does that actually work? I've came across a bunch of them focused specifically on blockchain projects.
Obviously, they must be out there for a reason but is it really possible to attract their attention assuming you have a decent project? Or maybe, most of them hunt for startups themselves?
Any first-hand info is highly appreciated.
It is, and it has been done (many of them start by raising private capital first), but then many projects go through the ICO phase nevertheless. Some of them don't, like Telegram ICO that got canceled, because they raised enough money from private investors ($1.7b).