Do you feel ICOs try to raise too much?

[Rouse_creationsHostel]

LBRY did not have any ICO, and was VC-funded (Venture capitalist, look it up)

They received 500,000$, which is very modest compared to the sick "bubblelicious" amounts other ICOs have gathered.

check out https://LBRY.Community for the new community page

or https://lbry.io for the official page for the LBRY App.

[BTCbengi]

Creating an ICO can help them accomplish a lot of the goals they want, and they can make a lot of money from it. Thus, the massive and uncensored ICO's emergence leads to more and more virtual currency, junk and waste of resources.

[senin]

Of course, it is difficult to assess the idea of ​​each ICO project, but there are some cases where their cost was clearly overestimated. On the one hand, the team may be reinsured against unforeseen expenses, and on the other, there are clearly cases of manifestation of the greed of these individuals, because sometimes they see a real opportunity to collect a much larger sum. In addition, I think there is an important role here and, as it were, an external prestige of a large sum to show the grandiosity of such a project.
     However, in any case, the ICO is necessary and useful for the community and for the development of the crypto currency.

[Geoll29]

It's alright for ICOs to raise much higher. This will benefit them and the potential subscribers. But their main objective should be serving the investors first before thinking of their own gain. Happy customers will be happy members.

[r.bhalla07]

I think there is an important role here and the ico is necessary and useful for the community.

[siddartha1492]

Yes indeed, most ICO try to raise a lot of money then they might ever require. But I think there are few genuine reasons to it.
1) Cost of conducting an ICO has hugely increased, especially in marketing, development, legal etc.
2) Many ICOs keep in mind the future costs of the project and not just current costs.
3) A big target makes a project look more advanced and catches more eyeballs.
4) In the past many projects have gathered quite a lot of investments. So there is obviously a comparison going on. For example if A ICO gathered $5 million, then B ICO aims for $10 million in order to show that it has more community support.
5) Then there is one more thing. There is a common saying "aim your target higher than what you aim to achieve". So if an ICO wants to gather $10 million, it will place the target of $20 million.
6) Obviously there are personal interests of the devs and team as well. Nothing is free in this world and no matter how much we say we are selfless, in reality we all humans are selfish.

As per your question of what we as a community can do. I think instead of trying to bring expectations back to reality, we must choose projects which tend to bring more value in the crypto and non crypto world. As long as we will invest in pump and dump projects, we will see more and more scammy ICOs. Choose projects based on their potential, team, mvp etc. rather than how easily you can dump the coins.

[UAE Seasider]

Anywhere between $7m and $15m I think is a reasonable figure for ICO capital raised. Most of these business ideas will require a full staff of people to make them work properly as well as renting offices. ICO like Tezos where a little ridiculous and its for the best that those days of hundred millions raised are gone.

[Kunlejoe0]

It may seem ICO are targeting unrealistic amount. However, we should realize ICO market is a global market. Maximum cap can do wonder for the kind of money that will be raised instead of limiting expectation.

[raymart0720]

Hey, I'm interested in everyone's opinions on this. I find so often when looking for ICOs I come across something that sounds like a good idea but then am instantly put off when they all seem to trying to raise 10s of millions for something I would deem could be perfectly possible with only a couple of million or even less.

 Do you feel that ICOs tend to try and raise too much? If yes, do you think this is out of greed for their own personal gain or simply because they over estimate the worth of their idea?

 Do you feel there is anything we can do as a community to bring expectations back to reality? Other than waiting for ICOs to continually under perform and then eventually expectations adjust?

I also think it is a yes. and some of managers are too hungry for those coins raised and scamming us bounty hunters .
they collect many and 20% only is allotted for us who make their campaign great and promoted . but thankful ofcourse because of them we all have cryptos holding and trading now. very well said . but if the ICO is legit and true it will be a good perspective by others

[banut]

Humans are greedy beings. So I guess its marked up and profit from the expected cost for their project. I guess their initial effort cost as well. lol

Nature of the beast and you are right on the money. However, if they are genuine, most start-ups are happy to make a profit in the years to come, not right from day one.

Sometimes, a good question for the founders is "How much of your skin is in the game?"

Do they lose their house if the project fails.

The amount which ICO want to claim is as you mentioned above only the reason nothing else. Time is the only solution for the best results.

[juicejoyce]

I think many ico are trying to raise too money, though they have a very big roadmap and seems a lot of things need to do, in my opinion, more than 10000ETH or 70000 dollars is too much for a medium ico project.

[Tone147]

Yes, an ICO project of more than $10 million feels like a big project, but now the ICO project is easily worth tens of millions of dollars.

[Babe_crypto]

I can’t speak for all of them, but it’s absolutely a must for some.
The new lending platform for ico’s - hedgeconnect.co for example

What they do is, choose for you and the only way they can unlock the top level bonuses. So they need to have the top numbers to work with.
I’d recommend this company for newbies and for those who only have a tiny investment. The thing is that you will get an income with them guaranteed, rather than choosing 1 coin and hoping for the best.

Their ico is not until Jan 20th, so it’s a couple weeks away and their site is still under construction
But this will be a monster and I know they’ve got a couple big name promoters signed on for January
And a big partnership in the works

[feelideb]

Definitely yes! We have seen so many project this year that have raised incredible amount of money in millions and yet they have not been able to come up with a product in spite of all the money they have gotten!

[Eumarius]

every ICO should have a clear business plan that includes projected costs, I will invest in the first ICO that provides visibility on the costs side and will be able to justify the ICO cap based on projected costs.
every business in the world runs like that ... 

 

[phelbaby]

You actually did a good research on this,sometime some of the ICOs have good intentions to make use of the money raise to fund the project name but it seems 90% of the ICOs are really fake and with greed,and this is going to make this difficult.

[ololajulo]

ICO is a good rescue for projects but sometimes i wonder if the sources of fund were no more there again. Good project will most times get the initial fund but raising that large size of fund can upset the projects and the team. I hope in the future a level of project must have been accomplished before ICO, it brings a level of trust on the project and its success.

[Rules85]

Indeed, a project does not need so much money, so much money looks more like a scam, and maybe there is a big bubble in the ICO market right now.

[Reevesabalb21]

Yes, Every ICO must have a transparency  when it comes to their goals,  and must show to the investors what they are planning and raising the money for and what could be the benefits of the ICO in the industry,  most business run like that nowadays.

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