What I think personnaly: This is the same team, working on the same initial idea and still will working together... so why do they need to do another ICO ? what that will change ? If they can't focus on the idea now they won't focus tomorrow if this is the same team
To have a maximum chance of success we estimate that we need to spend around 1-2M for platform development and geographical expansion. Our goal is to have a Cofound.it mentor in every blockchain hotspot in the world, to find and work with the best local teams.
That is not something the ICONOMI shareholders have signed up for. We believe that a new ICO with clear goals is the best way to find investors aligned with Cofound.it vision, not ICONOMI’s vision.
Ok, I've held my tongue too long...
You're right. It's not a crisis. It's just laughable. They got more than enough money in ICO already. There's no need for this to be a new company. They could execute the exact same thing within Iconomi, using funds they already have.
The fact they type out some quick explanation in a blog post doesn't change that, and people dancing along to their tune (like you) just come across as naive. Actually, YOU personally come across as somebody who is working for them.
(edit)
To the ones who disagree... I said it before; I wish you luck. I just wanted to get this off my chest.
See above re funding. The goal of Cofound.it is to bring many great projects to the crypto space. This will mean new assets to be traded, which means more arrays and more profits for digital asset management platforms like ICONOMI.
Where can I read about any split, smells very scammy to me.
You can read the basics of the Cofound.it announcement in the blog post by Tim.
https://medium.com/iconominet/introducing-cofound-it-the-future-of-icos-14bc1859393dI will agree that it's not cool to make new project while other is not working. It's sketchy, though it can be good for them and us, there is risk always. They made second project just to supplement first and to be sure that one of it really gets on top one day.
I personally think that their new baby will not succeed because their business model is not clear as ICONOMI and in all cases depends on people who are making new projects, so it's very high risk thing.
Though, ICONOMI will be fundamental project which will support this new one with the success of their own,but only if they will launch that platform and it will work as planned. Good luck to all of us!
ICONOMI platform is working, as the beta users can attest. The key reason is of making the announcement now is to make sure ICONOMI delivers the final version as soon as possible, ICONOMI must be laser focused on that alone, while Cofound.it can focus on its business. The second reason is the timing to announce Cofound.it to establish it as market leaders on the currently exploding ICO market.
Domain: cofound.it
Status: ok
Created: 2013-01-23 08:00:00
Last Update: 2016-10-05 13:07:13
Expire Date: 2017-10-05
Registrant
Organization: STRELOVOD D.O.O.
make your own mind up.....
Yes, Tim officially holds the domain for now. We thought of Cofound.it as a brand name for this service and scooped up the domain and reserved the username. It will be transferred to Cofound.it.
What if cofound.it is just a small spin-off collecting 1-2mln USD by its ICO? they are collecting money to pay some coaches. cmon guys, its no big deal!!!
Actually, the coaches are paid using a share of the tokens we collect. This ensures that all the coaches are working for the same goal as the projects and investors: to get good price for the tokens both during ICO and after the ICO. And yes, our ICO targets are actually quite modest, as we are launching with an established business model and already highly sought after services.
