There are plenty of good developers outside San Francisco, the real advantage of crypto is that the projects are geographically agnostic. San Fran users buy tokens in Czech projects even when angel investors would by invest. This gives them the chance to start something and then build on it with further investment. There's no need for them.to move to San Fran blockchain is widely available throughout the globe.
I think that you have been reading some old literature about start-ups in which 2 guys in a garage change the world with the mere power of their programming abilities, etc...
While that is not impossible it, nowadays you need plenty of cash to grow or someone else will be first to market. The two guys in a garage is possible when those two guys are the two top MIT graduates working in world-class projects and even then they would eventually need dough.
There are plenty of good developers outside San Francisco, the real advantage of crypto is that the projects are geographically agnostic.
There is a good reason why there are world-class hubs for start-ups, and that is mostly because investors are already there and donīt like flying to Zcech Republic and because startups multiply their value when they are in close contact with other startups that create synergies. Just try to figure why many countries that have tried to replicate Silicon Valley have failed. It is cultural and it cannot be improvised.
I think you are on the belief that you can form an international team that have never met in person, do some signature campaign here and there , write a white paper and get a few millions. It does not work like that at all. You have to meet in person with high worth individuals and funds to get real advice and real funds, attend many events and possible get backing from some of the main people in the blockchain world. Silly investors are all burned by now, or should be.
Friends and family rounds are not rounds. Your auntie Ilga is not giving you 5k because your business idea makes any sense, sheīs doing it because she is your auntie Ilga. They would put the money without reading a figure from your plan.
- the CEO can always move to a lower cost of living country thus lowering his expenses
- You are dreaming.I think that ICO should be doing rounds yes, and in fact the companies behind ICO do it with shares (tokens are just an extra to boost community and hype).