lisk owner is it true you own allot of XCR ? i see u investor and now look to bail cuz u lost money ? how much xcr will you and your friends convert for lisk . 10%? 15%? its nice u can dump how u like and nobody see who .
so new ico for failed project whitout no interest
you suckpuppet much ?
don't be a little pussy bitch, FUD with your own account like a man.
That is one of the Crypti founders who is internally pretending to support LISK, but is in reality very pissed off
None of the founders feel this way.
I hope Max and Olivier do have this much to convert so they have a substantial stake in this project as an incentive to see it through. Compared to traditional startups, the terms being offered to investors are very generous in what amounts to a second seed round. A typical startup in an incubator usually gives 4-7% equity for initial seed funding of $50,000, 3 months of workspace at the incubator, coaching, and exposure to the incubator's investment network. That is 1% equity per $10,000 and $600 worth of rent. A typical second funding round is comparable to Peter Thiel investing $500,000 in Facebook for somewhere around 10% equity. That is $50,000 for 1%. Founders typically try to retain 51% of the company to retain control. Max and Olivier are only keeping
8% of the distribution from the ICO. Even if they end up with 15% after a second round raising 800 BTC by adding their XCR conversion to the 8% reserved from the ICO distribution, this is still way below industry average for tech startups.