INSUBCONTINENT EXCLUSIVE:
Authors: JordanNearly every aspect of the current ICO market is pay-for-play or otherwise tainted
everybody should be able to see through it
One litigious company I spoke to took $10,000 to write a white paper and then returned a two page squib, refusing ultimately to refund a
Another company, below, is sponsoring an all-inclusive trip to Seoul for a press conference
Other companies take $400,000 or more to manage your ICO, offering PR and services look to have been cobbled together in a rush yet promise
millions in returns.Any time there is a gold rush there are carpet baggers
Any time there is a bubble there are those who would take advantage of it
skimming.
Arguably not everyone knows the rules
Most tech journalists have a closet full of junk that needs to go back to manufacturers but they should never expect cash from a
manufacturer to smooth things along
You can imagine Syria sponsoring a fancy junket into its war zone to understand the extreme chilling effect and bias this would
ICOs are hard work and very confusing
TechCrunch was born out of the confusion of the second startup boom and, in turn, this created the modern VC industry, the modern pitch-off,
useful system for unlocking wealth
particularly new.This does not mean the current system is perfect
Angel funding is almost impossible to find outside of major cities
Team and a dream has been replaced by team and multi-million dollar revenue
one founder to me last week
It worked, but not without much trial and error.Another founder is handing out legal documents his legal team produced for him because he
was sick they cost so much
Given that the average equity investment in a startup requires one document and a handshake, to spend upwards of $100,000 for documentation
Add in an opaque, hype-filled market and a secretive investment class and you get an explosive mixture.This will not lost
The barnacles will fall off
techniques they learned selling penis pills to sell securities
