I've run some numbers, I won't publish them because there are too many variables. I believe the crowdsale is sound and a bargain at this price. The capital that Veritaseum has raised will be used to build the platform and DAO. More capital in ether at the start; the faster the platform can deploy and work for the token holders.

Tying this to a fiat currency is also difficult, look at Venezuela, they have run away hyper inflation and forex controls. 

After reading the Gnosis valuation report and doing some research, I believe that you will find that a DAO will be able to capitalize on this valuation analysis and be quite profitable. I understand that there is a style to these reports and based on some of the comments I've seen from Reggie I'm quite excited.

Whether a report is bullish or bearish, the mechanics are out there to profit from long and short trades. The value of something like a DAO, is that it can abstract some of the mechanics where they are complex and as automation such as APIs are in place, the human delay, and overhead is removed.

I think the analogy of API is going to be replaced though, something like calling it a Blockchain or Smart Contract Interface (BCI / SCI) is more apt as the value transference is what is distinguishing (I am including miner fees and Gas in this definition as they are value), API's mostly have been publicly exposed and zero cost. In this new methodology, creating the BCI or SCI can be self funding based on the usefulness of the information.

They more I think about it the cost of Ether is irrelevant as this is the on-ramp; you're waiting for a train, converting fiat value to the blockchain is your ticket—can you imagine where we're headed?

Blockchains are the value transference mechanism that demonstrates the intent of open source, with exposure of the public ledger and the exchange of value.

Smart Contracts are the new API and through Blockchains allow the publishing and use of information, with built in value transference.

Ignore the daily exchange rate. Understand that value transference capability, and then that platforms will be built on top of these chains and that you play this long game by holding the primary units (BTC, ETH) or the tokens upon those blockchains. The tokens are going to have a much wider up and down. This is where Veritaseum adds value.; through analysis and the DAO.

This is an exciting update and I would definitely be interested in participating in your beta. I bought the tokens to use! I would recommend releasing the Gnosis report for Consensus 2017. It would be good PR. Maybe even put a countdown to the live stream.  

Update: I see that Reggie tweeted this out: https://twitter.com/ReggieMiddleton/status/866688906783272961 if you're holding or considering an Gnosis investment please check this out!

Gnosis Valuation Report is completed May 15th. http://veritas.veritaseum.com/index.php/15-veritaseum-presents-it-s-first-digital-asset-forensic-valuation-gnosis-gno
Next up is Augur. (REP Token) https://twitter.com/ReggieMiddleton/status/865338733771583488 Reggie says this report will cost 300 VERI tokens and due next week.

For traders with large REP positions, this type of analysis would be invaluable. This kind of work will create the demand for VERI tokens after the VERI sale ends in 8 days. My read is that REP is down recently at 0.00835240 BTC. A critical analysis would allow REP holders to exit a weak offering if they were looking for a reason to exit. A positive analysis of REP will likely lead to demand for REP short term, and a longer term appreciation of stake based on sound business.

If Reggie and team can produce these analysis at this rate I'm quite excited to see what the DAO does with the research!

Agreed. Reggie is working to identify the projects that are Solid. Only Veritas holders will have access to this information.

Here are some links on ethereum contracts:

Babbage is a visual programming language that consists of simple mechanical parts that interact with each other: Pipes, valves, rods and levers.
https://medium.com/@chriseth/babbage-a-mechanical-smart-contract-language-5c8329ec5a0e

Reading agreements in this form could take some getting used to, but no more than the legalese produced by today’s contract lawyers. Fill-in-the-blank scripts would likely become available for common uses. Specialists could craft very custom agreements, as done by lawyers today. In return, we eliminate “I thought, you thought” confusion and remove all uncertainty over whether the other person will follow through. The script both defines and enforces the agreement.
https://etherscripter.com/0-5-1/

Interfaces to visualize the contract logic is a good step. Better debugging, and handling of exceptions are also very important for deploying safe and robust contracts.

Is the timing right?  It could be a great idea, but if the world's not ready for it yet, it won't take off.  I think the timing is right, in this case, though, with all the interest in "blockchain" technology by financial institutions of late.
The Veritaseum first generation platform was really good. The ability to take a position on any equity, and even short one equity vs another were well handled. It also allowed positions in fractions of a bitcoin so for pocket change you could test theories. With all the trades handled on the blockchain, there was no counterparty risk. The other side of the trade was locked in.

Will Veritaseum execute promptly?  If they have a good idea but don't get around to developing and releasing a working "app" that uses Veritas soon enough, somebody else may beat them to it.
They already had a functional platform on Bitcoin. Ethereum is easier as it has contracts and a shorter block execution time. I believe that the work on the html client for bitcoin will be or has been refactored for the ethereum tokens.

And sort of related to that, the idea is good.  It's Veritaseum's game to lose.  If they don't do it, then somebody else probably will.  That is, Veritas might not "make it" but if not it, then something else like it probably will.
Reggie has been making some very prescient calls. I believe he has demonstrated remarkable flexibility in adopting bitcoin, and making the decision to use Ethereum. If he builds the platform it will be used.

A concern I have, is the amount raised by the ICO this far into it.  Not anywhere close to the 51 million tokens.  In a way, this could be good, since the initial supply will be more limited, but could also be bad if/when more tokens flood the market later, depending on the pricing and market interest.  Also, if interest in Veritaseum is this weak now, will it really grow later?
I would not call raising 11,971 ethereum weak interest, Reggie has already pointed out valuing tokens based on market cap and calculating this around total tokens is completely missing the valuation requirements for these items. I would rather see this start slow and grow interest based on a functional platform. Reggie has stated that after the initial token period they will take investments from banks and other players.

I believe that the curated research will be actionable for Veritas token holders, and that the platform will be quite popular. To access the research you will need tokens. I assume the platform will require them as well. This will set the demand.

I would recommend that anyone on the fence take a look at Reggie's positions in the past. I believe they demonstrate sound analytical ability and discernment.

My opinion is that ICOs for crypto tokens have usually been significantly discounted to their future value. Ethereum was ICO'd at 1 BTC = 2000 Ethereum...

Nothing ventured and nothing gained.