This first investment came after months of evaluating potential ICOs and talking to almost 20 different teams. During this process we arrived at two conclusions that were worthy of serious consideration. First, we encountered several teams with great ideas and great technical skills, but which were lacking in areas such as financial modelling and business planning. Second, there are no real established standards for the due diligence review/assessment of ICOs.
Also, invested 5,000 ETH, which is around 50k$. Not much from 10mil$ ICONOMI has.
true, doesn't mean it was necessary. I'm still waiting for their reasoning on this one, I did due diligence on golem too and decided to stay away.
Guess that's something for Tuesday's AMA
I don't understand this logic one bit. How do you expect to be in agreement with all the decisions the fund makes? Obviously you will disagree with some, and agree with others. Why is that surprising or unexpected?