Post
Topic
Board Announcements (Altcoins)
Re: [ANN] [GDGC] GadgetCoin | IoT | M2M |Smart Contracts on Hardware
by
altcoinUK
on 28/10/2015, 16:11:17 UTC

what makes you believe the $5 million realistic? i don't think the $5 million market cap so quickly is a realistic expectation.


I didn't talk about market cap, did I? I couldn't care less what is the market cap valuation of 99.99% of digital currencies which are used by absolutely nobody except the several thousands users of Bitcointalk by selling to each other the things. I am talking about capital investment from a venture capital firm or angel investors. I have been investing via Venture Capital and angel investor firms and funds, and witnessing what kind of shits could exists in a VC's portfolio. The VC investment culture is in the UK is far more conservative than US, still unbelievably shitty technology ideas and absolutely incompetent teams have been securing GBP 5 million investments.

The blockchain is getting a hot topic, the Internet of Things has been a popular investment area for years, the IoT micropayment will sound a very fancy idea for a VC, the IoT driven P2P streaming is a very nicely presentable topic. That's what makes me believe if the product is ready for investment, if the team is serious then GadgetNet will have no problem to secure that $5 million.