Partnership Compulsory in new projects life?

[Winscosinally]

Hello everyone, I would like you to share about how important 'partnerships' are in every new projects, I personally thinks it matters a lot because with good partnerships every challenges either with fund raising or other will be easily neutralized, what do you think? wrong or right?

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[avikz]

I won't say partnerships are compulsory but it's a good to have parameter, especially with known and trusted brands. It certainly adds to the credibility factor of a fund raising project. ICO market in general, is facing a huge lack of credibility. So good partnership really matters to fill that gap which in turn helps to receive investments. However, it certainly doesn't mean that partnerships can save your investment in long run!

Hope this helps!

[Javi_Anibarro]

It depends on the situation, but in general it should be.
A project can survive without partnership as long as it has a sufficient resource, but it will not be able to go a step forward without it.
If the project wants to extend its wing, a partnership is compulsory because it will bring demand and support to the project.
Have you seen a big company without partners out there?

[cytpoway121]

I do not neccesary think that partnership is compulsory for new projects. It could even hinder its growth.

The most important thing for a new project is to offer distinct and good product, that is enough to drive in quality and blockchain minded investors.
With that resolved, new projects will have the options to choose partnership deals, other than that, partnership will be of low quality.

[dentolas]

I would not say that partnerships are exactly compulsory, but with the state of the crypto market, any new project that wants to get a decent level of probability of success must find ways to increase it's useability and user base... and a lot of that is achieved with partnerships... or it will take a lot of time and investment to do it alone

[livingfree]

Hello everyone, I would like you to share about how important 'partnerships' are in every new projects, I personally thinks it matters a lot because with good partnerships every challenges either with fund raising or other will be easily neutralized, what do you think? wrong or right?

I see it now as a marketing stunt, I will not mention a project that keeps on doing this before and it's became very effective on their end. Because that caught the attention of every investor and thought of that project to become dominant.

But let's call a partnership as a good part of a project, however, how will you look to their partners which means that it still depends to the companies that they are partnering with.

[o48o]

Hello everyone, I would like you to share about how important 'partnerships' are in every new projects, I personally thinks it matters a lot because with good partnerships every challenges either with fund raising or other will be easily neutralized, what do you think? wrong or right?

The word "partnership" is used pretty loosely, that doesn't have to mean anything good or even constructive. If the project is good it will attract good partneships. If the partnerships are forced, they don't mean a thing.

[alani123]

To me, the work behind a certain project is the most important aspect. The ICO boom made it so that many projects were asking for investment even though there had been no work behind them. Words and promises are nothing compared to proven innovation and documentation there to support it. Many projects have failed to fulfill and promise and come close to their goal in spite of having partnerships from early on. I think fundamentals in the supporting documentation and core concepts are more important, along with actual development.

[Sebas.tian]

As a businessman, even in the real world partnership play a Vita role in building a business. Business building doesn't have to be one man show rather a team work while partnering with other bodies or companies to add more value to the business. In a virtual world, partnership matters because, for a product to reach out to the public it must have huge marketing, so, partnering with others will bring more market awareness to the populists.

[Kemarit]

Hello everyone, I would like you to share about how important 'partnerships' are in every new projects, I personally thinks it matters a lot because with good partnerships every challenges either with fund raising or other will be easily neutralized, what do you think? wrong or right?

Yes, I would agree that it is important to have a solid partner specially if the people behind the projects are fairly new in the crypto space. By partnering with someone with experience, they can be guided correctly so that the chances of being successful are very high.

However, I see some partnership turning into sour in the middle of the release or prior to the release. Maybe they are not anymore in the same page, resulting in an internal conflict that could delay the project itself. So there are also pros and cons of having a partner in every business not just in crpytos.

[gantez]

Partnership is good because it helps for support and to bring great ideas together but not all partnership is good. A partner that has bad image already will destroy good project because investors would research and find out later. They would run away thinking the new project can't do well. This is why before a project goes into partnership, they need to do a background check on the partner's anticident.

[julerz12]

Hello everyone, I would like you to share about how important 'partnerships' are in every new projects, I personally thinks it matters a lot because with good partnerships every challenges either with fund raising or other will be easily neutralized, what do you think? wrong or right?

That depends on how exactly the project has obtained such partnership. Most great projects or startups gain partnerships from various brands and companies simply because their project is viable, which means they are overall great and has a huge chance of success. Companies would line up to get their hands on those types of projects. But, if it was done only for the sole purpose of having a good project image, then it's worth nothing. Some projects nowadays are even listing various exchanges as their "partners" but in reality, they paid those exchanges to get listed and the exchanges don't give a f@ck which project asks for them so long as they pay. No credibility on that type of partnership.

[TravelMug]

It is not compulsory, there have been projects that have been successful in the past without any strategic partnership. The grow by themselves and just attracted partners right after their successful launch. So it's really up to the team themselves to really show what how good their project are, so attract investors.

And partnership only works if both parties agree on the direction of the project. As the saying goes, "it takes two to tango". So projects need to be very careful who to partner with, if they decided to go on that way.

[bgaf]

Its not that is wrong. Partnership has certain purpose and benefits too. Take for example a new project has a joint venture with a famous and popular project. Imagine the boost of this partnership to a new incorporated platform.

And partnership only works if both parties agree on the direction of the project. As the saying goes, "it takes two to tango".

Agreed. One example of this, is the new exchange platform WazirX, before they have no users but when partnership with Binance and acquisition of some of the project property by Binance make it bloom like other new exchange market. Especially on India, there are many users and traders who are fond of cryptocurrency.

[JeotQ]

Its a good place to start, partnerships can help a project to attract more investors but I want you to know that not all projects that claims to be in partner white a company or organization became successful all the time, some are fake partnerships

[Ucy]

Ofcourse! But you have to make sure such partners agree with your terms, and your terms need to be public/real blockchain-friendly. This will help you guys stay on course and help you solve difficult problems in public Blockchain-friendly manner. Remember, one of the most important reasons for choosing real decentralization over centralization is to avoid problems that are inevitable in centralized conditions

[YOSHIE]

Hello everyone, I would like you to share about how important 'partnerships' are in every new projects,

You have good principles in business, especially you are concerned with (partnership).
You have the right understanding.

In developing a business/project, partnership is an appropriate and important element to strengthen, benefit and need one another in doing business.

If you mention partnership is important, indeed yes. Very important.

1. Basis of partnership:
The benefits of partnerships can cause internal and external problems when running a business for more advanced developers and can benefit both parties.

2. If reviewed from the benefits of the partnership quite a lot:
# can add and increase in business.
# has a value added turnover in the business.
# provides business opportunities for the community and can also boost the economy.

And of course there are still many benefits to be gained in forming a good partnership.

[noorman0]

Not compulsory but very important and needed for new (baby) projects.

Partners are needed to speed up the marketing and development process, increase the value of trust in potential customers/investors, etc., and will easily find the right target space.

[batang_bitcoin]

Its a good place to start, partnerships can help a project to attract more investors but I want you to know that not all projects that claims to be in partner white a company or organization became successful all the time, some are fake partnerships

This is right. Not every project that commits partnership are guaranteed to succeed because some projects are not really for the partnership. I can make the Libra as an example of it. The project was good and promising but many partners dropped their partnership to the project because of the issue that it's facing currently with the US gov't. But before that happens, the interest from individual investors rose because of the renowned names in the tech industry was with them.

[CryptopreneurBrainboss]

Hello everyone, I would like you to share about how important 'partnerships' are in every new projects, I personally thinks it matters a lot because with good partnerships every challenges either with fund raising or other will be easily neutralized, what do you think? wrong or right?

It might not be important or necessary but it's recommended, the space is becoming so big that a new project can hardly make it without having some kind of backup or pushing force in the form of partnership from either news media or exchange and sometimes already well established projects. The advantages of having such partnership is numerous as the new projects will be guided to avoid making similar mistakes the other projects made or get guidances on replicating the success of the partnered project.

Project partnering with exchange most times get free listing well as getting free publicity since the exchange most have loyal fan base and listing a new project attract new Investors. We have project that have succeed without any partnership but those who have succeed with partnership are more meaning it's more beneficial.