I just finish reading this article
https://medium.com/iconominet/iconomi-more-ambitious-goals-and-a-21-000-btc-cap-after-a-successful-ico-start-ccb06efff709#.6oygl1cch ICONOMI team seem to be getting cockier with their initial success, I do like their idea that is why invested in it, but I am surprise they reach 2000BTC goal in less than a week this I credited their marketing team for job well done, the initial success seems to be getting into their head, this is what affected the Slockit them, initially the Slockit team wants to be the Airbus, Uber in the crypto space then that started fantasizing into venture capitalist dream, there is a small margin between idea and fantasy. Most of the things listed in that article above is mere just fantasy when you have more money than you need (the initial capital for the project was set at 2000BTC and now the bar is set so high at 21000BTC) can anybody explained to me why there is a big gap between the high and low
Fanatasy) and they need to be remembered that they want to come out for another round of funding, you have a strong idea initially, why try to be many other things (Hard wallet, Founders Debit card) when you can do one thing better.
Well, the cap is just that, a cap, and I don't think it will be met, but even if it was it was a very smart decision from the team so things don't get too out of hand. I do agree with you that when you have an excess of money, management could start getting sloppy and expenses increase.
To me the focus should be on traditional non-crypto investors, they should not even see a Bitcoin/Ether address in the site unless they click learn more or faq. Even something like Xapo or Coinbase is too complex and daunting for the average person (I know it's hard to believe for cryptonerds like us but trust me that's basically why Bitcoin and blockchain technology hasn't gone mainstream yet). People want to invest on it and may like the idea but they just want to use a Paypal/Bank like interface, they don't care about the underlying system just as you don't care about Java or MySQL.
If they can get these rich old guys to invest a portion of their portfolio on Iconomi funds then it will be a huge success and we'll all benefit as token/share holders.