WHY 90% OF ICO PROJECTS WILL FAIL
Hello Steemians,
ICO´s are such a great way to lift up new ideas to the masses.
Everyday i hear from new exciting projects.
But why only 10% from all of them will succed ?
Well, it is basically the same as for every other silicon valley start up. 90% will fail after latest 5 years and only 10% or less will succeed.
The first important is the market demand. ICO´s trying new ways. So they might be great value for society. But at the same time it might just not be the future market. We will see in around 5 years whats going to establish and whats is just going to look like a dreamy idea.
The second important is the cash flow. ICO´s are raising big amount of money in a super fast time. Anyway cryptocurrencies are super volatile and cash management could be a problem from the second year onwards.
Between being profitable and having enough enough cash for all operations is still a huge gap.
The third i would like to point out is the Team. ICO´s are truly all passionate about their projects. Anyway developer, marketing and others need to work closely together and streamline their vision. This can be challeging in the long term.
And also especially for ICO´s it might be huge risk about legal contribution. We are living in a world with crazy country leaders and still being controlled by banks etc. For the success ICO´s definetly need the future support of legal institutions and we will see how this goes.
Now let me show you my current favourite 3 ICO´s.
BOSCoin (i really believe in their team and i am sure this will be a big thing)
MobileGO (their business model just looks super convincing)
Edgeless (the idea of provably fair gambling like edgeless plans to offer is really cool. and i think they are one step ahead of all their competitors with good funds to establish the casino)
Follow me @coinworld
Which are your favourite ICO´s ?
I would love to hear some opinions.