Quote from: Wall-Street on November 19, 2016, 05:27:00 PM

Quote from: sanchicharro on November 19, 2016, 02:13:04 PM

Quote from: blastbob on November 19, 2016, 11:36:00 AM

Full page Kraken ad in this week's Economist magazine

At the moment I saw this it reminded me something that Zagar told a while ago:

Quote from: ICONOMI

[...]
Additionally to that. I was in NYC last week and lawyers there talk 6 digit figures and our PR agency is located right on Wall Street - they for sure are not the cheapest - but are very much needed.

Not implying anything but maybe the Kraken/ICONOMI relationship goes deeper than we thought...

Quote from: ICONOMI on October 05, 2016, 12:25:50 PM

Quote from: Daparski on October 05, 2016, 05:49:10 AM

@Iconomi - can you comment on the total amount of people you have hired? What is the number of people being paid, and how long, approximately, you think it will take for the team to "burn" the funds?
I am not complaining, just would like to know how long before the platform will have to be profitable enough in order to pay for its own dev and maintenance. I am 100& aware that A and A+ devs and employees in general cost pretty much the same around the globe

Right now we are:
- 2 cofounders + an advisor basically on close to same level of dedication as us two
- 4 developers. 2 more onboarding right now
- 1 designer being onboarded right now as well
- 1 legal
- 1 product guy coming from Berlin on 16th October
- 2 in communications / marketing
- 1 financial guy

The thing is, that we started hiring before ICO ended as well as looking for new office space to rent. And we were actually warming people that were able to join right now almost since the beginning of this year. All that because if we would start with all that right now, we wouldn't be able to have team as of right now before year ends. You can't get A+ players right off the shelf in a week to say.

How long to burn the funds I can't say right now. Could be that legal is something we'll have to pay a lot for. I would say we are good for at least 5years (that would be $2m per year, which we are far from burning right now... but let's take into account that there might be some unexpected costs). Additionally to that. I was in NYC last week and lawyers there talk 6 digit figures and our PR agency is located right on Wall Street - they for sure are not the cheapest - but are very much needed.

I won't be surprised if Kraken tries to buy Iconomi one day.
They've already acquired 3 Bitcoin Fintech startups in past few months.

Wow, PR agency located on Wall Street?!! They will go very big!