Does an ICO team even matter? - page 2.

phoenixdowndee

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Quote from: compmaster on September 01, 2017, 04:10:47 AM

I've always wondered if the ICO team even matters. If an ICO raises funds, could they not just hire a qualified team? I've been around since before people would assign their names to a project so maybe I'm not giving an ICO team the respect they deserve.

The team is very important due to the fact that they created the concept in the first place. I do agree you can add to a team to make it stronger, but wouldn't it be a better investment if they already had a great team? Also can't really change the founders of the company without ripping the heart out of the idea....

BitcoinHodler

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HODLing is an art, not just a word...

it depends on how much money they want to raise!
usually it doesn't matter at all, you may as well be alone and anonymous and take the money and run Wink

but at some point when you want to ask for more money, you have to put a little bit more effort in too! a bigger team, maybe throw in some big names even fake. it is all publicity stunts to attract more investors.

so far none of the old ICOs have done anything useful with the money the have gotten. and that shows people don't care about where each of these go as long as they make profit.

ShadowBits

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Quote from: compmaster on September 01, 2017, 04:10:47 AM

I've always wondered if the ICO team even matters. If an ICO raises funds, could they not just hire a qualified team? I've been around since before people would assign their names to a project so maybe I'm not giving an ICO team the respect they deserve.

i really advice that its one thing to consider along with the team transparency.
lets admit scam is everywhere and trust is the issue here,
when investors recognizes good members in the team its a plus factor for them to get in.

gamerfan

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Of course ICO team matter! Maybe it is the most single important thing which determine ICO's success. The team has not to be necessary formed by experienced members though. Even if they are young people they can still achieve huge success. For example 0x project has been quite successful regardless the team is formed by young members. In my opinion the most important things about members is that they believe in the project, express their considerations in a clear and understandable way, answer to all the community questions and know their job. Even if they are young and have no previous experience in raising funds, they can still have success if they have all the above mentioned qualities...

neowne

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well your team represents your project. and as better your team as more investors will come to fund your project.

leea-1334

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A lot of ICO teams start out different from the way they end up eventually. This is normal anyway. Most devs, even if you have a real name and face attached, you never know if they are for sure part of the team. Some ICOs reserve funds for team, others recruit after have capital. You have big names and people behind ICOs like EOS. But does it matter? Who knows.

batang_bitcoin

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Quote from: compmaster on September 01, 2017, 04:10:47 AM

I've always wondered if the ICO team even matters.

Yes it does matter, experience, trust and background for running an ICO, management and development.

Quote from: compmaster on September 01, 2017, 04:10:47 AM

If an ICO raises funds, could they not just hire a qualified team?

The team itself will manage it and it's up to them if they'll hire new members.

Quote from: compmaster on September 01, 2017, 04:10:47 AM

I've been around since before people would assign their names to a project so maybe I'm not giving an ICO team the respect they deserve.

Only to those ICO's that doesn't want to contribute in the crypto economy.

Fundamentals Of

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Quote from: compmaster on September 01, 2017, 04:10:47 AM

I've always wondered if the ICO team even matters. If an ICO raises funds, could they not just hire a qualified team? I've been around since before people would assign their names to a project so maybe I'm not giving an ICO team the respect they deserve.

I think so, mate. There are people that are already known in the crypto world to be a great dev. or has been ringing bells in the community as someone who is successful and really brilliant. Some others are also infamous for being behind some scam or dubious projects. So the team really has a factor. No problem after ICO and if the ICO has already been successful. But I doubt it would end up succeeding if the people are not at all credible.

compmaster

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I've always wondered if the ICO team even matters. If an ICO raises funds, could they not just hire a qualified team? I've been around since before people would assign their names to a project so maybe I'm not giving an ICO team the respect they deserve.

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