Investing in an ICO?
To invest in an ICO (Initial Coin Offering) is to act as a venture capitalist. As such, you need a framework for evaluating the business venture. The purpose of an ICO is not for entrepreneurs to get rich; rather, to provide necessary startup funding. The ICO is a powerful crowd-funding mechanism that can bring a good idea to life. In return, investors are rewarded with something of great potential value: a digital by token. If an ICO is used for the purpose MARK MANNEY it was intended, everybody wins. Founder of I am by Infobeing
As a Blockchain entrepreneur planning an ICO, my venture is asking investors for only the amount of funding required to succeed. The legitimate way for an entrepreneur to earn great wealth is to create something that delivers value and revenue. That is my job. Don’t distract me by making me rich before I’ve earned it. There are 5 key questions to help investors evaluate an ICO.
5 Questions to Ask Before Sending Your Money
Why does the organization need funding? Do you understand what the funding is to be used for, who it will be going to, and for what purpose?
1) Is there is a need for the product in the marketplace? Do you understand the product? Do you know the market? What has the organization done to prove that there is a demand? Who is the customer? What problem is being solved for the customer? Would you use it or do you know someone who would? Will solving that problem change the world? Does the cause feel good and inspire passion? 2) Is there a legitimate requirement for capital? Why does the organization need funding? Do you understand what the funding is to be used for, who it will be going to, and for what purpose? Are you sure the purpose of the ICO is not to enrich the founders? Do they already have access to the funds they are seeking? If so, why are they asking for your money and not investing their own? I am the founder of a Blockchain Platform called “I am” by Infobeing (www. infobeing.com). Prior to our November ICO, we will be forthcoming about how
Published on Sep 1, 2017
ICO Crowd Issue #1 Featuring Paris Hilton and Floyd Mayweather is bumper packed with hot ICO opportunities including ICODAO and many more...