Exactly... when last year I saw the awesome projects on kickstarter being happy to have raised 60K, and that I saw ICO crying because they reached only 200K... something is not going ok...
My experience with Kickstarter is what allowed me to stay relatively grounded during last year's ICO craze. Although I have to admit when you witness Ethereum go from less than $10 to $1300 in the same year it is very hard to stay sane. I got carried away a bit as well. These days though I have for the largest part returned to my skeptical self. (I am still convinced BunnyCoin is going to take over the market one day
)
On our side, 500K is the minimum needed, 2 to 3M is the perfect match to acquire the license we do need, and everything above 3M is mainly to support the liquidity pool.
Investors will understand as long as you are transparent about how you are spending the funds on necessary expenses. Acquiring licenses costs a lot, so much I learned from ICO NapoleonX, who are expecting the definite decision about approval from the French stock market regulator AMF (the SEC equivalent) in a few days. That decision may be a precedent for Jarvis as well.
