0% of the coins go to the team. The team will be compensated via funds raised in the ICO, no pre-mine. We'll have to buy our tokens just like everyone else.
ie. we will have no reason to continue working on the coin as we will not be vested in it and have already received another currency we could cash out into FIAT
I have no problem understanding this concern, given the space that we're in (crypto is the wild wild wild west after all), but your assumption here is blatantly wrong. We chose 0% premine because that is what is the absolute most fair to every party involved. We are basing our entire start-up around IoT, which we've been working on in stealth for a year, as explained in OP this is what prompted us to develop IOTA. It is a necessary ingredient for the vision of IoT that our start-up is focused on. On top of this all of us will invest our personal funds into IOTA, so no we have a ton of incentive to make IOTA a success.
how is a 0% premine any more fair than you raising BTC and repaying yourself for the coins you "purchased"?
either way you are receiving BTC and you are using BTC to buy said coins. they're free coins for you and less BTC for development.
if you were investing personal funds, why not put that into the development and just take a premine?