Topic: Cofound.it ICO evaluation and mentoring platform discussion - page 26. (Read 74107 times)

Lots of thing happening in all coin going downtrend... poloniex lost trust, too many ico, summer, tezos and vacation. Best opportunity to buy now. Once summer over and near Christmas where most people stay home, it will shoot up like crazy.

What is going to happen tomorrow?If you have any inside info that no one of us has,please enlighten us also

Just HODL. Summer is usually like this, people cashing profits, enjoying vacations. There is a lot of ICOs going on, CFI must show its power first to get the price moving.

Wow you've made me poor, the price keeps falling down and now it has broken through 6k, why prices do not go back up? Dev says CFI is supported by iconomy but why do prices continue falling down? it's very bad

Starting July 5, 2017
https://cofound.it/en/

Big day tomorrow! 

You will link your wallet. Easy

Hi. How Priority Pass is going to work? Do I need to have my +5000 CFI on a ethereum wallet or is going to have a platform where I'm going to deposit CFI to participate on ICO's?

I think CFI is one of best the project.
It helps investors to monitor to prevent scams.
Well done to the team!

I couldn't agree more.Cofound team are through professionals.I liked the way the run cfi ico and delivered on every promise they made before ico.
I am damn sure cfi is going on moon soon

I've participated in many ICOs but I have to say that COFOUND.IT belongs to must trustworthy team I've every got in touch with.
I totally fell in love with service quality since CASHILA through ICONOMI to COFOUND.IT which are kindred teams with solid connections between.

Calling this scam can only fool which never used their services.
Yes the ICO system can burst but also it can be just start of big boom of ICOs on the other side.
How many people shout that BTC will burst on its top in 2013 and look where it is now...

I agree. We work with projects closely to set rational goals for their crowdsales. You will not see 150M crowdsales from Cofound.it projects.

Anybody can participate in the public crowdsales of Cofound.it projects. Pre-sale is open only to Priority Pass members, defined as holding 5k CFI or more from July onwards.

Tokenised world sounds cool.
But if the projects or mentors be greedy that process could fail or hurt lots of investors also effect some solid projects.
Everybody should be careful and try to be fair.

It looks interesting but I find information a bit misleading. Do you need to own priority pass to participate in ICOs or is it sufficient to hold a defined amount of CFI tokens?

compared to some other or most all other coins I love this project; I just keep buying the dips!

One thing is "bubble" - so, over-inflated valuations. That will burst, of course. But we believe in the underlying value of the token crowdsale model.

https://blog.cofound.it/is-there-room-for-vcs-in-a-tokenised-world-712bf111a9b1


Is there room for VCs in a tokenised world?
How blockchain is disrupting the startup ecosystem


“There are only two ways to make money in business: One is to bundle; the other is to unbundle.” — Jim Barksdale

The VC industry is one of the few that were not disrupted by the Internet. The opposite is true — levelling the startup playing field gave the VCs access to startups worldwide, increasing the competition among the startups and consolidating the VC position.

What the Internet couldn’t accomplish, the blockchain might. By enabling a direct connection between the startups and small investors who also serve as evangelists and early adopters, the distributed economy has in effect unbundled the VC industry — and the consequences might be revolutionary.

VC 1.0

The current startup ecosystem is composed of companies with ideas and VCs that select and fund those ideas. Both work together to create a product or service that can be sold. After a number of years, if the sales go well, the company is sold to the public in an IPO which allows the teams and VCs to make money.
The key elements of the current system are:

• selection that determines which companies receive funding
• coaching and leveraging the VC personal network to increase their chance of success
• funds that allow the company to function until it is profitable
• a liquidity event which allows the investors to recoup their investment, restarts the cycle and enables the public to buy shares in the company

In this system the key role of VCs is to act as arbiters and a bank (or a gatekeeper to the bank). It is a system that promotes centralisation — good VCs grow bigger and small ones find it ever harder to compete. The only way they can compete is by focusing on small investments — seed or pre-seed. That is the reason why it’s easier for startups to get seed funding or get accepted to an accelerator, and why it’s so hard to follow it up with a Series A.

Why crowdfunding startups doesn’t work

With the rise of Kickstarter, it seemed obvious that crowdfunding could be applied to VC investments as well. There are several platforms like Crowdfunder.com that allow a dispersion of investments, making it more approachable to smaller investors. Traditional startup crowdfunding can solve the “funds” part of the equation — but it does not solve the requirement to wait for the investment liquidity. This means that it can never really go mainstream and remains confined to larger investors who can afford to wait. Additionally, while crowdfunding can help a company raise funds, it cannot provide either the coaching expertise or a business network — both crucial elements in a company’s success.

The tokenised company

The hallmark of a true game-changing technology is that nobody can predict the effects it will have on both business and society. The introduction of blockchain and Bitcoin, the first cryptocurrency, in 2009 seemed like a nice new esoteric “internet currency” which could enable anonymise payments, often for shady services. However, additional benefits of blockchain technology soon became apparent. Some of the first commercial applications built upon the extremely low transaction costs to create alternatives to traditional money transfers. Later, the benefits of a network without a central arbiter of trust have been investigated — a potential game changer for industries like banking and insurance that depend on this role.

But the true revolution came recently, when companies realised that they could in effect “tokenise” their service or even the company itself and sell it to supporters before actually building the service, bypassing the need for VC funding. The supporters also serve as early adopters and evangelists, partially filling the “VC networking” role. And the nature of the tokens provided the answer to the key missing piece of the puzzle: waiting for liquidity. In a tokenised company model, the “shares” of the company are liquid from the get-go and can be traded immediately.

VCs in a tokenised world

What functions do the VC serve in a tokenised world?

• selection: still required
• liquidity event: immediate
• coaching and networking: still required
• funds: provided by the supporters

The VC of the future is focused on selection and coaching while leveraging the power of crowdfunding. Early adopters become early evangelists, filling the need for networking. The interactive engagement between projects and supporters in effect makes all of them cofounders.

But the true future lies in a distributed global platform that directly connects innovative projects with supporters while enabling experts worldwide to provide necessary support to teams. And by paying those experts in the very tokens the companies issue, the incentives for all the participants are truly aligned.

Cofound.it is a one of the shitty scam that i have ever seen, and yeah the bubble bursted and thus exposing the filthy jerks sitting behind the internet and cumming twice.

Ico market will not last forever.What will happen to cofound when ICO bubble is burst?

"Why would someone want to buy a BMW when there are dozens of other car makers to choose from?"

It's all a matter of personal preferences. If someone is looking for carefully verified projects with a good foundation for scaling and execution after the crowdsale and where there is a guaranteed chance of participation, then Cofound.it projects are for them. If not, then sure, support any project you wish