What do you think about launching own cryptocurrency as a investment capital instead of Venture Capitalist? Please watch this short TED talk about successful women who started her startup with interesting capital aproach.
1) Why do you think VC, turn her down at the begining?
2) Do you think cryptocurrency is a good option for investment capital for a startup?
3) Would you decide for such a brave step ?
Comments
About creating my own cryptocurrency, perhaps this topic would require tons of studying and research since I am not the person who will dive in aimlessly with only hopes for luck in something. I want to be certain.
With todays open sourced frameworks like Solidity it doesn't take a genius to create your own ICO in about 30 minutes.
1. Use Cryptocurrency in your project/company.
2. ???
3. Profit.
Sorry, not my cup of tea :(
Currently, I think not, because the cryptocurrency is not growing so fast (I think). But this is a question of analysis, because there may be some that are growing fast and it is worth investing in them.
I think so - I like taking risks. But I would have to think about it.
Well, it's one of the good ideas to get funded when starting your own startup. I think the idea of cryptocurrencies getting into venture capital is a promising idea but it also raises lots of concerns surrounding its profitable value. As it was said in comments below all the hype surrounding crypto money and blockchain started because of someone's success in their business which involved using these technologies. But most still don't understand that this approach still in its experimental stage.
If I wanted to start my own company I would probably evaluate this option but I think I would spend lots of time trying to analyze the current market state and deciding whether I should go for it.
2. From the startup perspective, it is really attractive way to raise funds as it enables them to acquire financing without paying middleman fees and bypassing, strictly regulated by authorities, capital raising procedures. From the investors point of view it seems to be quite risky for few reasons. First, cryptocurrencies exchange rates are often fluctuating quite significantly and secondly due to the fact that ICO procedure is not controlled by regulatory authorities, which is the case of IPO, it can be used for making scams or other fraudulent actions.
3. I would not take a risk of investing my money in startups via ICO for the reasons which I have mentioned above.
Maybe because it's risky. I believe the cryptocurrencies isn't perfect like we think. No regulation for the sector is a value but a risk as well. I guess VC may think me both way: it's too risky, and we can lose market control because of cryptocurrency sector growing up.
2) Do you think a cryptocurrency is a good option for investment capital for a startup?
I think yes, but I don't think about cryptocurrency as a fantastic thing. Cryptocurrencies transactions are very costly. One bitcoin may use more power energy than one house monthly. Cryptocurrency transactions are very 'heavy' and tool many many cloud spaces. If we dynamically would change our transaction into cryptocurrency transaction, I suppose we couldn't afford this.
3) Would you decide for such a brave step ?
I am not sure if it's a brave step. I think everybody who decided to start with his own business is a person who did a bold step.
Answering your second question, I believe that investing in start-up money into cryptocurrencies is a bad idea. However presenter were talking about that they created an ICO to invest in their company.
I didn’t think that to decide on ICO funding is a brave step, at least in my opinion risc is similar that when you got funded by Venture Capital. And I believe if I will start own starrt up I also will laverage ICO as a funding for my company.
It’s really interesting question. Cryptocurrency can be an amazing option for investment capital, but you have to face the possibility of bankruptcy.
Deciding for that step depends on a lot of things. How cryptocurrency I would like to invest in looks onto the market, in how big despair I would be and probably few more things.
I think that cryptocurrency is a good option for investment capital for a startup. I've been interested in the crypto market for about 4 years and I've seen a lot of cryptocurrencies and ICO. Of course, sometimes the projects were falling down quickly, others were growing on large projects - as in any business.
Yes, I think I would decide for such a brave step, because I am a really fan of blockchain technology.
2. Well, cryptocurrencies seem a bit tricky to me. I might lack knowledge about this topic though. I think it is just less stable and maybe more risky than normal way of funding. However, it is sometimes hard fot start ups to get their funds so why not risk it?
3. It would depend on my situation. If I couldn't get money for my project in a different way I would probably try an ICO.
I think because of the idea not clear and risk.
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2) Do you think a cryptocurrency is a good option for investment capital for a startup?
Actually cryptocurrency, it's until now little bit complex or without clear rules such as "Bitcoin" because I'm tried it before and nothing exists to me from it.
So.!
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3) Would you decide for such a brave step?
Actually, I do not prefer to have a partner " Venture Capitalist" in general, I do not know in the future is it possible to change the opinion.