Re: Mycelium's "crowdsale": basically a donation, not an investment by any means
I did my part at highlighting why putting money with Mycelium doesn't seem like a good idea from an investor's perspective...
Considering bitcoin itself has outperformed every other investment, and is expected to in the future, I can't really argue with that sentiment...
Why they even need to make a crowdsale in first place?
I saw many bitcoin startup/company make crowdsale/crowdfunding, but some of them are fail
In fact, i don't understand how can they make huge money/profit.
I saw many bitcoin startup/company make crowdsale/crowdfunding, but some of them are fail
In fact, i don't understand how can they make huge money/profit.
We spent 8 figures of our own founder's money to get Mycelium to where it is now. After Ruble and Bitcoin both crashed in value, he felt a bit broke and was tired of spending his own money. So we got some private investors. We also now believe that the wallet is strong enough to break out and start earning its own money, so we offered 5% non-dilutable stake to our users to share in what we hope will be that earnings potential, partially as a way to thank them for their support. We'll be selling 20% of the stake later, to actual professional investors and VCs to help fund the wallet the rest of the way.
We can make huge money/profit in the same way that Google Android makes huge money/profit: the Android OS is free, but many of the apps you buy cost money, and Google takes a cut on app sales. That's what we're building, but with our apps being specific to crypto finance.