Huge fan of nxt here and also into startups.
I wouldn't think that for example a US startup accelerator had running costs about 20-30% of their total capital. That's tremendous. I would more say it's like 5% running costs and the rest investing in startups.
Team, what would you say about that? 2-3 million USD for running offices and marketing campaigns is a huge amount. I like the idea but I would like my money to go to actual projects right?
Can you comment on this because it seems you didn't find it worthy and also point us to the links for the board members? Startup accelerators have very strong teams in this respect.
Fund allocation is not a fixed percentage. For example, a maximum of 30% will be used to fuel the development and management of the ecosystem. This will include marketing costs, operational expenses, business development, salaries, overhead, etc. A minimum of 70% will be invested into individual projects selected by the community. In other words, depending on the cost of running the ecosystem, the final split may be 30%/70%, 20%/80%, 10%/90%, or anything in between.
Regarding the board members:
Michal Vavrek, Gabriel Dusil & Jan Lamser have collectively over 70 years of experience in trading, banking, IT security, ICT, VC funding, marketing, sales, operations, and other disciplines. Gabriel Dusil been in the press even before the Internet was fully formed. Jan Lamser was the general manager of the largest saving bank (CSOB, part of the KBC Group) in the Czech Republic for 20 years. In addition:
- If you Google "Gabriel Dusil" or "Jan Lamser" you will find several presentations, articles, videos, and many other links on their backgrounds.
- Jan Lamser was responsible for 8000 people in CSOB. Although many CEOs don't focus on their online presence his credentials are based on the success of CSOB over a 20 year stretch.
- in any case, our linkedIn profiles are in the team section of our website, with a LinkedIn profile under each bio.
- Gabriel's professional blog at dusil.com was launched 4 years ago. Here is an index of all posts before 2017:
http://wp.me/p3eaA5-ie4. He has been quoted in the press since the 1990's. Gabriel’s LinkedIn profile has recommendations from 44 people all around the world and his profile features links to 36 published articles (there are others, but they were published in the 90's when the Internet was not yet mature. Also, his skills and endorsements are from hundreds of business associates from all around the world. Gabriel’s LinkedIn profile can be found via the hyperlink on his bio in the team section of our home page:
www.adelphoi.io).