None of your founders have any experience in start-ups: running two blogs does not count (really? You think running a BLOG makes you qualified to run an incubator?)
How do you expect to show others how to be successful when you have not been there yourself? Ridiculous. Another project that has a founder with a background in Forex trading: The way that reads to the non-gullible is someone that traded in their spare time. Tell us what firm you worked for otherwise. Regardless, you clearly weren't very good at it.
What professional contacts do you have that you would be able to direct a start-up to?
Where did you get the idea that that was the claim to proving experience with startups? One of the board members runs two blogs, but that isn't the claim to experience. I assume that you went to the website and found the profile of Gabriel Dusil. His
LinkedIn profile provides a more comprehensive view over his experience.
Travin Keith also has a lot of experience with startups, as does Fernando Davila with
Evocreative, among other members of the team.
Regarding the Forex trading, I assume you're referring to Michal Vavrek. You left out the "extensive" bit which would help indicate that it wasn't something casual in his spare time. I understand, however, that this likely won't count as proof to skeptics, understandably so. His LinkedIn profile was just created though and we're also in the process of adding more information to the team page as well. We'll be publishing this soon. UPDATE: His
LinkedIn profile is now updated.
Regarding your questions about our professional contacts, you can check our
LinkedIn company page and the contacts we have. On the team page on the website you can also find some information on the experiences of each team member and make some inferences from that. Gabriel's contacts are also very extensive, as you can see from his LinkedIn profile.
(On a side note, there might be some frustration from readers about information not being fully available right now. This is one of the reasons why participation in the ICO is not open yet and won't be until March. We want as much information ready as possible before the ICO as well as to adjust to what the prospective community wants)
You do realize that the biggest advantages to incubators is are the following:
1. It centrally locates a lot of entrepreneurs (almost all require working in a community work space), which stimulates creative growth, allows for possible synergies between young companies and possible access to talented recruits. Adel would not be able to do this.
Projects with Adel can be centrally located if the Project Manager chooses to include members on their team who are located in their area if the nature of their operations require it. For example, if a project focuses on a certain geographic area, it would make sense to have at least a majority of the team located in that area. There are exceptions, of course, so this may not always be the case. It's important to point out that the entire Adel team will not necessarily be involved in all of the projects voted on by the community, though they are open to join individually if invited by the Project Manager.
2. People running the incubator have a significant rolodex: a start-up needs advice on "xyz"? Not a problem. Start-up looking to partner with existing giants? Not a problem. Who exactly would you be able to point people to?
I think my response earlier about our connections addresses this point.
3. Incubators usually only provide start-ups with a small amount of funding (depending on incubator might not even be a full seed round), but have contacts with VC's who come in for pitch-days. Most start-ups join an incubator purely with the goal of getting from seed fund to a Series A round. You are not able to do this.
The Adel Community will have access to at least 70% of the funds from the ICO for these projects. Project Managers will need to pitch their plan to the Adel Community, which will vote on the plan, in order to get funding. Projects will be reviewed by the Project Review Committee before it is presented to the community. More information about the PRC and this process will be published in the succeeding white papers.
4. Typically, incubators have sponsored partners that provide start-ups with massive benefits (free hosting, cheap consulting etc.), what benefits will start-ups through Adel be receiving?
The Adel Services team will provide advisory services to the projects that are funded by the Adel Community. As mentioned in my response above, the PRC will review projects even before the project is submitted for voting. Consulting services will also be available from the Adel team, including our legal and accounting team.
Unfortunately, the crypto-currency industry is filled with two types of people: Essentially lottery winners (people who had a horde of Bitcoin in the early days, this was luck for 99% of people. Very few (i.e. Roger Ver) actively saw Bitcoin's potential), and then you have all the "get rich quick" people that came after Bitcoin started to take off. These people invest in tons of what is frankly dog shit. So hey, your project might still raise some money.
To sum it up: Would avoid.
I don't have any concrete data to disprove the 99% claim, so I'll not get into that, as well as with your opinion on other projects as I am not here to put other projects down.
Regarding avoiding it, of course we can't force you to. But as of now, not all information is released yet and we'd like those who are unsatisfied with the current amount of information to maybe check again in the future to see if the new information provided would be satisfactory to them or not.
looks interesting project, looking for any future news! i think is quite early to say ....march is long way to go still!
Thanks!
Yes, new news will be announced regularly until March.
looks interesting project, looking for any future news! i think is quite early to say ....march is long way to go still!
agreed, i have to commend them for coming and starting this thread so early, it gives the community literally MONTHS to do their due diligence and see responses from the team here before making our decisions to join/fund them or not, good call on this!
Theres alot of incubation talk this year, who would have thought 2017 may be MORE interesting then this year?
heres one to watch for sure!
Thank you for seeing our reasoning behind this. On one hand, I understand that people can be unsatisfied with the current information we have, but we really want that people understand what we're trying to do so the white papers and all other things have the release spread out so those interested can look into each one in-depth instead of seeing a large wall of information and perform all the necessary due diligence. This also allows us to categorize things better for those who find out about us when the ICO is near or is going on.
BM for now and any bounties like translation dev?
No bounties are published yet but opportunities to participate may be published soon. As with translations, we are going to consider them after the content is more stable. Feel free to PM me though so I can just look through my PMs when we need a certain language and choose someone from there. Please note though that we will
not be making a selection based on a first-come-first-served basis.
