Looking for Seed/VC/Individual Investors - Equity

buwaytress

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Quote from: HubrisOne on September 10, 2018, 10:02:20 AM

Very thought-provoking comments, and definitely ones we have been considering.

In essence, you are saying it is best to grow potential user base, network with investors and release an above par MVP to stand a shot.

What other methods aside from ICO and Crowdfunding are there, I know we have traditional VC and seed funding but is there other methods I might be missing?

Thanks,
Ivan

Organic growth is the only way to survive, if you're talking about sustainable and talking about long-term view, yeah. I suppose there are always short term benefits of boost marketing... airdrops or variations thereof, but even those don't tend to attract more than the throwaway supporters. As I said also, more projects now are looking to form formal networks or "alliances". Partnering with competitors to leverage each other's userbase. It's still marketing in a sense, but I suppose it's a way to increase mutual value without spending too much. Islands in this widening river really, so archipelagos stand a better chance with the rising tides.

HubrisOne

copper member

Activity: 152

Merit: 0

Very thought-provoking comments, and definitely ones we have been considering.

In essence, you are saying it is best to grow potential user base, network with investors and release an above par MVP to stand a shot.

What other methods aside from ICO and Crowdfunding are there, I know we have traditional VC and seed funding but is there other methods I might be missing?

Thanks,
Ivan

Quote from: buwaytress on September 10, 2018, 05:57:40 AM

Quote from: HubrisOne on September 09, 2018, 12:51:13 PM

Very insightful and many thanks for the time taken to respond.

I definitely have to agree that the market is saturated, hence our hesitation to even consider an ICO or crowdsale. What would you recommend other than using our own personal funds which we have been doing up until this point.

If we do go ahead with an ICO/STO we would be doing so from our Maltese subsidiary under the advice of our Legal council.

In regards to regulations and licensing, we would be an E-money institution and we can either apply directly to the FCA (which takes time & very costly) or we can become an authorised agent and leverage our card partner's E-money license - our long-term aim is to apply for our license once we gain traction.

We believe there is a market segment for the growing number of people like you and new comers into the market and it's this sweet spot we would like to capture. We're not trying to eradicate banks, but trying to bridge cryptocurrencies and banking as we know it today in a new way.

Really appreciate your thoughts on this once again.

Thanks
Ivan

I'm glad you found it useful. Take a moment more before going down the crowdfund route - you're a week away from launching your MVP, perhaps it's best to use that and the initial results (if you open to closed beta testing perhaps) to ring out interest from networking. There are several other platforms and projects in the same line of business, perhaps an alliance of networks or mutual promotion could drum up the private interest that you're seeking.

Reach out and chat to other projects. Many already ended up doing that AFTER launching crowdfunds and realising they made a mistake. In essence, the networking is an eventuality so doing the networking first rather than later might serve you better. Maybe there is already some great work or effort. How else you could stand alone and capture the market with so many competitors I really cannot say except with a great MVP that overdelivers. Investors from 2017 are quite put off by so many projects that overpromised and today with millions of funding still cannot get the simple concept produced.

buwaytress

legendary

Activity: 3010

Merit: 3724

Join the world-leading crypto sportsbook NOW!

Quote from: HubrisOne on September 09, 2018, 12:51:13 PM

Very insightful and many thanks for the time taken to respond.

I definitely have to agree that the market is saturated, hence our hesitation to even consider an ICO or crowdsale. What would you recommend other than using our own personal funds which we have been doing up until this point.

If we do go ahead with an ICO/STO we would be doing so from our Maltese subsidiary under the advice of our Legal council.

In regards to regulations and licensing, we would be an E-money institution and we can either apply directly to the FCA (which takes time & very costly) or we can become an authorised agent and leverage our card partner's E-money license - our long-term aim is to apply for our license once we gain traction.

We believe there is a market segment for the growing number of people like you and new comers into the market and it's this sweet spot we would like to capture. We're not trying to eradicate banks, but trying to bridge cryptocurrencies and banking as we know it today in a new way.

Really appreciate your thoughts on this once again.

Thanks
Ivan

I'm glad you found it useful. Take a moment more before going down the crowdfund route - you're a week away from launching your MVP, perhaps it's best to use that and the initial results (if you open to closed beta testing perhaps) to ring out interest from networking. There are several other platforms and projects in the same line of business, perhaps an alliance of networks or mutual promotion could drum up the private interest that you're seeking.

Reach out and chat to other projects. Many already ended up doing that AFTER launching crowdfunds and realising they made a mistake. In essence, the networking is an eventuality so doing the networking first rather than later might serve you better. Maybe there is already some great work or effort. How else you could stand alone and capture the market with so many competitors I really cannot say except with a great MVP that overdelivers. Investors from 2017 are quite put off by so many projects that overpromised and today with millions of funding still cannot get the simple concept produced.

HubrisOne

copper member

Activity: 152

Merit: 0

Very insightful and many thanks for the time taken to respond.

I definitely have to agree that the market is saturated, hence our hesitation to even consider an ICO or crowdsale. What would you recommend other than using our own personal funds which we have been doing up until this point.

If we do go ahead with an ICO/STO we would be doing so from our Maltese subsidiary under the advice of our Legal council.

In regards to regulations and licensing, we would be an E-money institution and we can either apply directly to the FCA (which takes time & very costly) or we can become an authorised agent and leverage our card partner's E-money license - our long-term aim is to apply for our license once we gain traction.

We believe there is a market segment for the growing number of people like you and new comers into the market and it's this sweet spot we would like to capture. We're not trying to eradicate banks, but trying to bridge cryptocurrencies and banking as we know it today in a new way.

Really appreciate your thoughts on this once again.

Thanks
Ivan

Quote from: buwaytress on September 09, 2018, 12:18:12 PM

Tough market, and probably wiser you don't embark on yet another token crowdfund. The market's saturated as it is, plus crippling prices means investors will be keen to hold on to their bags (both Bitcoin and especially investment altcoin favourite Ether!) before moving into another digital/crypto/blockchain bank.

Those with the kind of funding you're looking for will also be wary of UK's delicate stance on crypto, regulatory-wise. Whether or not it remains a member of the EU, for all practical purposes the AMLD5's 2020 trigger date and the Europarl's draft laws on ICOs mean you've got hell to deal with.

Noticed also you don't have (or haven't published) any level of licence for a financial institution? FAQ says it's on its way but your neobank competitors (Revolut et al) already your planned EMR in the UK and will have full banking licences abroad in the EEA.

Not saying there's no market or demand. Guys like me have been far short of satisfied with neobanks but with the way they're all walking down the road of sanction-obedience, and with alternatives only being the likes of Coinbase, there's definitely people waiting for a true "crypto-friendly digital bank".

buwaytress

legendary

Activity: 3010

Merit: 3724

Join the world-leading crypto sportsbook NOW!

Tough market, and probably wiser you don't embark on yet another token crowdfund. The market's saturated as it is, plus crippling prices means investors will be keen to hold on to their bags (both Bitcoin and especially investment altcoin favourite Ether!) before moving into another digital/crypto/blockchain bank.

Those with the kind of funding you're looking for will also be wary of UK's delicate stance on crypto, regulatory-wise. Whether or not it remains a member of the EU, for all practical purposes the AMLD5's 2020 trigger date and the Europarl's draft laws on ICOs mean you've got hell to deal with.

Noticed also you don't have (or haven't published) any level of licence for a financial institution? FAQ says it's on its way but your neobank competitors (Revolut et al) already your planned EMR in the UK and will have full banking licences abroad in the EEA.

Not saying there's no market or demand. Guys like me have been far short of satisfied with neobanks but with the way they're all walking down the road of sanction-obedience, and with alternatives only being the likes of Coinbase, there's definitely people waiting for a true "crypto-friendly digital bank".

HubrisOne

copper member

Activity: 152

Merit: 0

Hi all,

We're the team from HubrisOne - a cryptocurrency friendly digital bank. Launching out of the UK

You can find out more here: www.hubrisone.com

As the title mentions, we are looking to open up our project for seed/VC investment for equity.

We are still deciding whether or not to go ahead with an ICO/STO. We've made exceptional progress over the past year with a demo app launching in the next two months.

If interested, email [email protected] or [email protected]

Telegram: https://t.me/joinchat/GuFq30sBO04L5SQi3ofLWQ

Serious inquiries only, and to repeat this is an equity investment in the underlying company - HubrisOne Technologies Ltd.

Cheers

Topic: Looking for Seed/VC/Individual Investors - Equity (Read 199 times)