Hello all,
What is according to you more important in a cryptocurrency project between the idea and the team?
Would you invest in a project if there are only 3-5 persons or would you rather trust a big team?
I have those questions in mind when comparing other projects such as Yahoo or Snapshat. They were a small group at the beginning and grew over time.
The most important thing for me is to set realistic goals. When I see that some group of people with no background promise to revolutionize and disrupt some big industry and connect billions of people, it sounds extremely suspicious. Also it's important to explain in depth how your project will work and why it is good, rather than just spamming buzzwords like decentralized, distributed, blockchain, tokenize and so on. And in the best case scenario you would have some working prototype to present before potential investors to prove that you are able to deliver your project.
Very interesting! what would you choose between:
1. Good team having experience related to the domain, but with an unconvincing MVP: We can take the example of Monetha, for which there is no downloadable app although they are showing one in the video (Very similar to Jaxx...)
2. Young people with promising future and working MVP: We can take the example of facebook, at that time the application showed some good functionnalities but they were still at University