Your points are based on your emotions not on a professional experience.
if your friend already has a developer and a registered company
he have only one blockchain developer , so only one blockchain developer can't develop full project , he don't have registered company for now , but he will get register once all things are on one page.
what is stopping them from going to a bank and mortgage the business for a loan? I know the bank wont give too much value to it so you prefer to go for the less-experienced crypto enthusiasts and seek money from them
you have a question and answer your self , congratulations you got one activity point increases in your profile. and its true there is no any bank interested to fund for a blockchain project
If you want any sort of transparency which is seriously lacking in the ICO/IEO market then go to an ICO consultancy and seek their help in getting a team and advisors for your project
If you know any consultancy with low fee , then must let me know please here , as per title saying we need a partner and Investor , that is surly to cover big fesses of agencies and advisory ,
If your friend already has a developer and a registered company, what is stopping them from going to a bank and mortgage the business for a loan? I know the bank wont give too much value to it so you prefer to go for the less-experienced crypto enthusiasts and seek money from them.
Pretty scammy if you ask me. If you want any sort of transparency which is seriously lacking in the ICO/IEO market then go to an ICO consultancy and seek their help in getting a team and advisors for your project. But I doubt you will do that if your objective here is to scam some newbie who is is a wannabe "venture capitalist"