Quote from: Munti on February 08, 2017, 02:38:35 AM

Quote from: vegafund on February 08, 2017, 12:03:03 AM

Quote from: maku on February 07, 2017, 11:41:57 PM

Quote from: topesis on February 07, 2017, 05:16:02 AM

All these Newbie account popping up and creating one fund or the other looking for people to give them money to invest for them.

I will like you to answer this question

What experience do you have to manage investor's fund
How would you proof you can be trusted since you are a Newbie here

Don't be biased and judge him because of his rank. I've met many bitcointalk newbies who were brilliant and intelligent individuals with great ideas.
Would it be more reassuring that he had a hero account? Definitely not for me. Just read what he is talking about and judge that information by yourself.

The only things that matter:

- What this project is all about, what is the innovation here?
- Do we see competent, experienced people working on it?
- What is the purpose of the fund, what it will bring for us, possible investors?
- Do we have clear and honest relation with the community?

I think that I've answered most of your questions thus far, but let me elaborate on a few points:

The project is all about providing a consistent funding base for projects and individual developers on the Ethereum platform. Eventually, we may go beyond the Ethereum platform, but we think it's a good place to begin because of the relatively widespread adoption of it. The innovation is the ability for many people to come together and provide a venture capital-esque service without being hammered by fees or (for now) burdensome regulations.

As for a competent and experienced team, I've already touched on our advisors, who are all above and beyond in terms of competence and experience. For the main team, the founders (of which I myself am one) are solid in their respective roles. The founders themselves (of which I am one, so I may be biased) are competent in their respective roles, i.e. development/programming/business. It helps that we not only have experience in doing these types of projects before, but we've mostly done them together, creating a great team dynamic through shared experience.

The purpose of the fund has already been described, but as for what it will bring possible investors I'll reiterate: the biggest value it adds for possible investors is that it eliminates the unnecessary forced choice between impact investing and diversification of risk. We've done surveys of the Ethereum and broad cryptocurrency/[Suspicious link removed]munity and found that while people are certainly out to make money, they also genuinely desire to help the growth of these technologies.

While at this point our project is not very big, matured, or well-known, our current standing with those we are in contact with is good and
we view solid community relations as paramount to our success.

Let me get this straight
In order to save fees, you suggest that I should risk my money on a fund run by anonymous people on a tech with known issues? No thank you. I prefer fees

Nowhere in my post did I mention fees.

You seem to be mistaking diversification of risk with fees. The point of the fund is to eliminate the situation that potential Ethereum-based-project investors face when they don't have large amounts of capital to work with - that is, having to choose between making a meaningful contribution to a project seeking funds and taking responsible amounts of risk, i.e. diversification of risk.

Also, like my post above states, we're not anonymous. It would be unethical, in my view, to run any business without disclosing your personal identity and having exposure to the downside of the project yourself.