Bitcoin Forum

You are 299% sure that your project is mega-cool and useful, that does not need any additional clarifications? It deserves respect, but this is absolutely not convincing for a potential investor, he must be sure on a few percents more than you are ;) Want to learn how to eradicate all doubts of a potential depositor - this article will definitely help you out. https://4irelabs.com/prove-investors-your-fintech-idea

Have no interest on reading up on whats being written into that article.Just answering on your first question on how to convince potential investor?

This would all depend on the usefulness of your project.You might be 299% sure with your own idea but for others its just a total rubbish since not all people
would have the same insights.

Even if you do hardly market or convince out people they would end up on having no interest at all due to that reason.If the idea or project is somewhat exceptional
then they would just normally goes in and throw up some funds without even you asking.

Saw the article and nice pointers there, basics.

However, it really needs tons of patience, effort, money, works, etc. to turn an "idea" into reality. Remember that ideas will remain as ideas, even how good it is until it was executed. This is a tough challenge since investors will not just throw away money into something if they didn't see some "sure" profit on it. That's why they are called "investors" in the first place.

Those pointers in the article can be considered as a reference by others but in the end, people must think of their own way to show investors how worthy that "idea" is.

If only ideas were so easy to come up with and execute it exactly as thought in the head then everyone with every idea in their head could get it funded. Sadly that is not the case.
The article is nice but basic and says nothing about some real world practicalities like regulatory saturation and commercial application in relation to competition in the niche.
Plus it does not tell you to be not too confident about your ideas and be receptive of criticism. That I find is the biggest flaw in new project builders.

I also didn't check out the link but based on what other posters mentioned, it looks like it's just basic info, but I commend the OP for putting it up. I guess it's how you present yourself to investors, how your idea will work, the consequences and what will it bring in real life, also how unique your project is. You really need to show them how it can really change the landscape of the future. Like what we have seen in Facebook or Google in the past. Those two projects can be a bench mark for those future innovators like the OP, so best of luck to you.

Eventhough you are 1000% sure, that is based on your own insight, it might be a total failure if another person should bring his or her perspective. Investor can not rely on youw own assertion but in conjunction with those that have the domain expert

Let me tell you one thing I have yet to see in any ICO, white paper, proposal etc on this forum. I've even mentioned it before, so surprised still no one has come up with it.

A budget.

Doesn't even need to be the sort of precise itemised budget monster I used to do for every actual project I'd later get hands on with. Just needs to roughly explain where your costs are going to.

People love explaining a business model in crypto but they still insist on coming up with raise figures from thin air.

Agreed. It's really common on this forum for proposals and ideas to not only lack a budget but just have an incredibly vague idea in general of what their actual requirements are. "I need to developers to help work on my idea (for free, without any idea of what they'll specifically need to work on)", "I need to raise money for...stuff", that kind of thing.

There are definitely a few diamonds in the rough but unfortunately due to the low barrier to entry involved in making a thread asking for free help, sometimes it can end up looking less like a serious proposal and more like a message from your long-lost friend-of-a-friend from school who just happens to have a great idea that he needs you to pitch in $100 for...

but they do explain it. i haven't really checked ICOs ever since they are bullshit but those that i've seen have always explained where the funds are going to be spend on. they even always have a road-map too!
you see the problem is not with explanation of where the funds that were raised are going to be spend in. the problem is not actually spending them where they promised after they raised the funds. otherwise when it is time for raising funds they will tell you anything you want and they will make all kinds of fake promises.

To the owner of the project, their idea will always seem feasible and profitable, because it was their brainchild. Believe it or not, every project owner is like that but only the investors are "fooled". The owner may be running a very well disguised scam but the investors would never know, or even if they did would look into gain and cash out before the scam get revealed.

Maybe the OP points out an article to promote it only and never come back to this forum. But what is important for people to understand that no Fintech idea would become huge in a day or two or even for that matter years. Those products that create a market of its own is rare and having developed one they would not need to ask for investors, but they will come in like bees attracted to flowers.

My rule of thumb is you should be so convinced in your startup idea that you are willing to put your life savings into before trying to convince others to invest in it.