ICOs have been the craze for the past year, many teams have raised tremendous amounts of dollars for startup capital. How does the amount of startup capital effect the performance of the team? A week ago I wrote a post about a new project called "Genesis Vision" (
https://bitcointalk.org/index.php?topic=2433032.0) that only raised $2,836,724 in the ICO sale. Genesis Vision ICO investors have already received a 7x return (ICO price valued at $1). We are just getting started, below I've attached the link to an amazing article by Crowd Conscious, which analyzes the importance of startup capital.
"Can Less Capital Mean More For ICO Investors?" Full article by Crowd Conscious:
https://blog.genesis.vision/can-less-capital-mean-more-for-ico-investors-cf2eb7fa4349are you trying to answer your own question? how much eth was that 2.8m dollars worth when the ico was finished? i think you'll find that that dollar figure would have increased quite a lot if they completed their ico a few weeks ago.
most ico's should only be trying to raise an eth amount, not a dollar amount. smaller ico dollar amounts don't necessarily turn in to more for investors imho. it's all about the product of the ico and how well it performs.