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Author Topic: Serial entrepreneurship and Initial Coin Offering campaigns, is that possible?  (Read 264 times)
digitalcoins (OP)
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Voronkov Ventures accelerator of pre-seed projects


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April 12, 2017, 12:19:54 PM
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There is quite a lot of successful ICOs now. Cryptocurrencies and ICO s exploit a very simple phenomenum - currency have some value because people add to them this value.
So, while mined currencies have obviously some invested values, in case of ICOs the value is often is a result of the estimation of the value.
So, let s say that some organization produces ICO coin 1 like 3000 ICOCs, which of them costs 1 bitcoin.
They raise 3000 bitcoins and sell 3000 ICOCs. If people believe in the project, then they would avoid spending ICOCs and would rather spend their offline currencies, like usd, roubles etc. therefore reducing offline currencies value and increasing crypto currencies values.

Therefore, cryptocurrencies, in principle, using ICO methods and making appropriate high quality projects can suck into themselves the global economics.

Question about quality of the projects is very important. However, the ICO, which gather quite big funds now, still may be expected as not always the best top quality. So, capital seems to b quite cheap on ICO market and for normal, descent non-scam teams this may create an opportunity.

Actually, I would say that this can create an entrepreneurship and venture funds, which will be specializing on ICOs and bringing investments to good teams.

So, let s say we consider startups, which need from 500 to 5000 BTC investments.
What can be universal algorithm and team for making serial non-scam ICOs?

1. Headhunting team - for each specific case, for brilliant ideas and strategies, headhunting team evaluates
2. Project scouting team - experts in different high technologies teams together with HR experts can scan startups (actually as well as more traditional businesses, but with exceptional teams) and find prospective, underevaluated teams/startups
3. Marketing/PR team, which would work on promotion of the project and ICO campaign.
4. Smart contract developer for pre-sale, ICO and bounty campaigns smart contracts
5. The team and the advisors for the project itself

What do you think about such a serial entrepreneurship scheme?

Looking for team members for various startups
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