1. This is what happened recently, many industries that were motivated to conduct IEO on the market which actually only followed the trend, not to solve a problem or have innovation. After the IEO trend passed, new problems arose because many industries were underdeveloped and were seen as fraud.
Btw, I don't think all the founders in the crypto industry have an entrepreneurial background.
2. Investors should be aware that Binance isn't a representative of the investigations and fully determine their decision whether they should invest in industry X.
Btw, I don't think all the founders in the crypto industry have an entrepreneurial background.
2. Investors should be aware that Binance isn't a representative of the investigations and fully determine their decision whether they should invest in industry X.
I have come to believe that entrepreneurship is far different from being an engineer. It is a field that requires diverse strategic skills to succeed. This is why we have people that dont know technology but end up building tech start-ups. While an entrepreneur need to know his sector but that is just a necessary condition, and it is not sufficient to build a business without the right business skills.
