If you look at the bigger picture - accepting fiat, issuing their own Visa Card etc then it´s somehow clear that their process of founding might be slower and more complex then founding a Ltd.
They need to have some kind of a banking license, figure out the right taxing conditions and in they have to take similar steps like for a hedge fund.
Look at this Quora post https://www.quora.com/How-long-does-a-brand-new-UK-hedge-fund-startup-normally-take-from-inception-to-fund-launch
"It varies - however, you should be banking on at least 6 months if everything is very straightforward and you need nothing unusual from your counter parties (which is hardly ever the case)" - This timeframe goes for the UK of course and there might be countries, where the founding process is a bit quicker
Mona El Isa from Melonport has also mentioned that timeframe for hedgefund as we know them (this of course includes development time, what is her reason for starting this project)
https://medium.com/@mona.elisa83/what-are-the-problems-facing-the-hedge-fund-industry-today-and-how-can-smart-contracts-on-the-7d1fbc25d04e#.3am1g1pga
"Setting up a hedge fund can take 912 months, and involves a very high initial start up and running cost which can eventually lead to fund failures."
I understand the impatience of some people during those price dumps without new information, but keep in mind that the token price has nothing to do with the real value of the company, as everyone with "a bit" money can crash it down and pump it up again without changing the fundamentals of the project!
They need to have some kind of a banking license, figure out the right taxing conditions and in they have to take similar steps like for a hedge fund.
Look at this Quora post https://www.quora.com/How-long-does-a-brand-new-UK-hedge-fund-startup-normally-take-from-inception-to-fund-launch
"It varies - however, you should be banking on at least 6 months if everything is very straightforward and you need nothing unusual from your counter parties (which is hardly ever the case)" - This timeframe goes for the UK of course and there might be countries, where the founding process is a bit quicker
Mona El Isa from Melonport has also mentioned that timeframe for hedgefund as we know them (this of course includes development time, what is her reason for starting this project)
https://medium.com/@mona.elisa83/what-are-the-problems-facing-the-hedge-fund-industry-today-and-how-can-smart-contracts-on-the-7d1fbc25d04e#.3am1g1pga
"Setting up a hedge fund can take 912 months, and involves a very high initial start up and running cost which can eventually lead to fund failures."
By the way: Iconomi is now in the 5th month, almost finished with core development
I understand the impatience of some people during those price dumps without new information, but keep in mind that the token price has nothing to do with the real value of the company, as everyone with "a bit" money can crash it down and pump it up again without changing the fundamentals of the project!
ICONOMI´s mills grind slowly 