Most of the recommendations seem to be for projects that cannot prove that they can build anything.
Crowdholding’s big team means nothing. I’ve seen projects that have stacked their teams with a dozen useless people and then they lie, such as Change-Bank.
I don't get your point, You look at the team and they have a CMO who used to work for Google, a CTO who worked for Oracle and a COO who used to work for HP and Skype. That's just the top people. Then you have solid developers, marketers and legal staff members.
You can only go on the white paper, website, and what they state. Simply saying that a big team means nothing, it's better than having a small one!
One top of the team, they have a working beta according to their road map so they actually have a product before the ICO (which is unheard of 99% of the time)
I don't know about Change-bank but judging one ICO to another and saying that they both have one similar characteristic and one failed (especially when it is about the size / quality of the team) so the other one will isn't the smartest move.
Augur had
Vitalik Buterin on their team. Vitalik is the best person in the entire crypto industry that you can add to your team. After raising millions and after two and a half years, all they’ve released is a simple beta that is barely usable.
There are a number ICOs, that haven’t raised anything yet and they already have more software built. Enjin, Funfair and Stockbet already have much more than Augur’s beta.
Change Bank stacked their team with a lot of people. Then they lie. Their “Blockchain Expert” worked as an Inside Sales Rep until 1.5 months prior. Their “Blockchain Developer” never developed a blockchain before.
There have been several ICOs with large, impressive teams. After raising millions, they haven't released anything yet.
If
Crowdholding has a working beta, then that is good news. However, I can’t find it on their website. Have you used it? Have lots of people used it to help guide a startup to success?
Their white paper says that the problem is that too many startups fail due to lack of market need. Their solution is that funders (YUPIE token holders) will be able to tell the startups how to find market needs.
This is ridiculous. If this is the case, then companies would be asking their shareholders on what the market needs. Google, Apple, Facebook and the hundreds of thousands of companies should be asking their shareholders about market needs. They don’t. Why not? Because the shareholders do not know. The only people who will know are the end-users and customers. That’s why companies spend billions on market research, focus groups, free samples, surveys, trial products, etc., etc. The only people who knows and will tell the truth are those who have to part with their money and will get enough value in return to justify it. Anyone who has studied Marketing knows this.
Let’s say that there is a startup that wants to sell Japanese seaweed snacks. How much are you willing to pay for the snacks? What would you recommend to the startup? Even if you wouldn’t eat this, how would you know others won’t? You may never have tasted it before, so you will have no idea.
Even if this idea has merit, how do you, as a YUPIE token holder, know for sure that startup companies will reward you after they succeed? The tokens are not legal contracts. You cannot get a judge to force the company to pay.
Startups take many years before they are financially successful. Most companies are still losing money when they go IPO on the stock market. Amazon is barely making any profits. Twitter is still losing money. Facebook took way longer than most companies to IPO and they barely showed a profit. How long will you wait before Crowdholding’s startups start rewarding you?
Crowdholding is simply a stupid idea, and will fail. Most people do not see this because they haven’t spent enough time in the business world and are impressed by lots of jargon and big teams with fancy titles.
Many people who recommend on these forums are pump and dumpers, or lack knowledge about business, technology or the blockchain.