Post
Topic
Board Announcements (Altcoins)
Re: [ANN] [ADL] Adel | Startup Incubator for Blockchain Innovation
by
WhyThisICOSucks
on 08/12/2016, 01:04:57 UTC
None of your founders have any experience in start-ups: running two blogs does not count (really? You think running a BLOG makes you qualified to run an incubator?)

How do you expect to show others how to be successful when you have not been there yourself? Ridiculous. Another project that has a founder with a background in Forex trading: The way that reads to the non-gullible is someone that traded in their spare time. Tell us what firm you worked for otherwise. Regardless, you clearly weren't very good at it.

What professional contacts do you have that you would be able to direct a start-up to? You do realize that the biggest advantages to incubators is are the following:
1. It centrally locates a lot of entrepreneurs (almost all require working in a community work space), which stimulates creative growth, allows for possible synergies between young companies and possible access to talented recruits. Adel would not be able to do this.
2. People running the incubator have a significant rolodex: a start-up needs advice on "xyz"? Not a problem. Start-up looking to partner with existing giants? Not a problem. Who exactly would you be able to point people to?
3. Incubators usually only provide start-ups with a small amount of funding (depending on incubator might not even be a full seed round), but have contacts with VC's who come in for pitch-days. Most start-ups join an incubator purely with the goal of getting from seed fund to a Series A round. You are not able to do this.
4. Typically, incubators have sponsored partners that provide start-ups with massive benefits (free hosting, cheap consulting etc.), what benefits will start-ups through Adel be receiving?


Unfortunately, the crypto-currency industry is filled with two types of people: Essentially lottery winners (people who had a horde of Bitcoin in the early days, this was luck for 99% of people. Very few (i.e. Roger Ver) actively saw Bitcoin's potential), and then you have all the "get rich quick" people that came after Bitcoin started to take off. These people invest in tons of what is frankly dog shit. So hey, your project might still raise some money.

To sum it up: Would avoid.