LUL https://medium.com/iconominet/iconomi-performance-fund-is-launched-with-the-first-investment-588ea41e95ab?source=twitterShare-9a931b72ffb1-1479029125 they really invested in Golem...
questionable move
questionable move
Quote from: ICONMOMI
This first investment came after months of evaluating potential ICOs and talking to almost 20 different teams. During this process we arrived at two conclusions that were worthy of serious consideration. First, we encountered several teams with great ideas and great technical skills, but which were lacking in areas such as financial modelling and business planning. Second, there are no real established standards for the due diligence review/assessment of ICOs.
Also, invested 5,000 ETH, which is around 50k$. Not much from 10mil$ ICONOMI has.
true, doesn't mean it was necessary. I'm still waiting for their reasoning on this one, I did due diligence on golem too and decided to stay away.
Guess that's something for Tuesday's AMA
I don't understand this logic one bit. How do you expect to be in agreement with all the decisions the fund makes? Obviously you will disagree with some, and agree with others. Why is that surprising or unexpected?
They posted on their blog how they decide to invest in an ICO...doesn't meet your standards then you shouldn't of invested into ICN lol.
They don't have the entire 10M to invest into ICOs, plus 50k is more than enough. Would you prefer they invest a million and risk that much? The point of ICN is investing with lowest risk possible, not like 99% here that bet everything they have on one ICO hoping to get rich over night.
