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Author Topic: Can a pre-seed startup (crypto) with MVP offer software building (blockchain)  (Read 78 times)
cryptokangaroo (OP)
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October 25, 2018, 02:41:28 PM
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Time is going and the seed is not raised. MVP is ready. Need funds and came a thought. why not offer blockchain and smart contracts development contracting?
Will it not confuse the ICO contributors?
Can we do it on the same webpage?
Any wisdom?
Thank you!
drmilind2004
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October 26, 2018, 05:17:17 AM
 #2

Time is going and the seed is not raised. MVP is ready. Need funds and came a thought. why not offer blockchain and smart contracts development contracting?
Will it not confuse the ICO contributors?
Can we do it on the same webpage?
Any wisdom?
Thank you!

Suppose your MVP is ready even if in prototype form.  So, instead of Angel funding, you are taking the crowdfunding route via the ICO. It's generally best to isolate the ICO site from the 'deliverables' of your project.

Now, you have two assets to further your funding. The Whitepaper, and the prototype of your project. So, the investor is in a better position to assess your project's merits than if it were just a Whitepaper.

Anything short of this might confuse or put off investors. Also, whatever 'contracting' you plan to offer has to be distinct from your project, unless such work is integral to your MVP and to the eventual project. Else, it will come across as amateurish, and put off investors.


cryptokangaroo (OP)
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October 26, 2018, 05:52:21 AM
 #3

Time is going and the seed is not raised. MVP is ready. Need funds and came a thought. why not offer blockchain and smart contracts development contracting?
Will it not confuse the ICO contributors?
Can we do it on the same webpage?
Any wisdom?
Thank you!

Suppose your MVP is ready even if in prototype form.  So, instead of Angel funding, you are taking the crowdfunding route via the ICO. It's generally best to isolate the ICO site from the 'deliverables' of your project.

Now, you have two assets to further your funding. The Whitepaper, and the prototype of your project. So, the investor is in a better position to assess your project's merits than if it were just a Whitepaper.

Anything short of this might confuse or put off investors. Also, whatever 'contracting' you plan to offer has to be distinct from your project, unless such work is integral to your MVP and to the eventual project. Else, it will come across as amateurish, and put off investors.





It is ready, but how can we "take the crowdfunding route"? it takes lot of cash to start a marketing campaing. Definitely we need to reach angel investors to secure some money for this campaign?
drmilind2004
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October 26, 2018, 03:43:01 PM
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It is ready, but how can we "take the crowdfunding route"? it takes lot of cash to start a marketing campaing. Definitely we need to reach angel investors to secure some money for this campaign?

That calls for marketing skills. Social media, blog posts, announcements here on bitcointalk, press releases; the usual sales machine in high gear Smiley

It is doable on your own if you have some expertise, and if the basic premise of your content is solid. Else, you'll need the marketing budget. However, from my interactions with various angels, I have realised that they are not particularly enthusiastic about funding marketing campaigns. If you have the MVP in order, and you have full confidence in your project, then you can secure a conventional loan (from a bank or other lending institution) to avail finances for a marketing campaign.

Ultimately, it boils down to your own confidence, and whatever pitching skills you can muster to obtain those marketing budget monies. Whitepaper, Pitch Deck, Summary Business Plan, perhaps a Video Demo, but certainly a video pitch about you and your project; these are things you will need to achieve on your own for starters.
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