Agreed. $4.5m is plenty of money for this concept. I'm not sure why they had a max cap of $50M. Probably for the lambos...
The more money a startup like this raises the faster they can expand. Getting global ETFs/Real Estate Funds on your platform from everyone country in the world requires a lot of capital. Also need to keep in mind they are hosting crypto funds which need to be developed. The more capital you have the faster you move, the more you can invest in user acquisition to get things rolling. Even if they were to hit the cap, $50MM is not a lot of money for a platform like this that can have millions of users.
Sure. I understand this clearly. But as in Silicon Valley and traditional startup investing, you typically receive investment in stages based upon your growth and traction. ie. Seed, A, B, etc.
Companies needs to prove their concept and gain traction before receiving large sums of investment money. And in this case, companies shouldn't be asking for $50M with just a proof of concept and no traction. Let them use their $4.5M to prove market validation and gain traction. If you can't build a customer base from that, at least they fail with less investor money risked.
That's true. Ideally, any company that raises money through an ICO would get the funds only if they reach certain milestones. How do you see Brickblock raising more money after they raised the $4.5MM