Guys, I wonder why nobody asks you about your business plan.
Reviewing your Paper I have large doubts about your financial forecasts. Could you please clarify the following estimates:
1) How many users of robo advisory services will be in Europe by the end of 2021? Your market share in 2021?
2) The estimated volume of total AUM for robo advisory services in Europe by the end of 2021. Your market share in 2021?
3) Who are the main competitors for robo advisory in Europe and the world? Just 3-4 names.
4) How much do you plan to spend on marketing to promote this services (annual budget)?
Actually similar set of questions I have to every line of your business but let's start with this one. I really hope for the quick answer since you have to have all these numbers in your financial model and your mind:)
Reviewing your Paper I have large doubts about your financial forecasts. Could you please clarify the following estimates:
1) How many users of robo advisory services will be in Europe by the end of 2021? Your market share in 2021?
2) The estimated volume of total AUM for robo advisory services in Europe by the end of 2021. Your market share in 2021?
3) Who are the main competitors for robo advisory in Europe and the world? Just 3-4 names.
4) How much do you plan to spend on marketing to promote this services (annual budget)?
Actually similar set of questions I have to every line of your business but let's start with this one. I really hope for the quick answer since you have to have all these numbers in your financial model and your mind:)
Forecasts, in fact, look like a dream. But 11 in such a long period as a pessimistic one... its ok I think. Really hard to predict the exact price. You might have your own opinion but there also could be unpredictable circumstances that dont allow to do your best((
Think what stands behind this 11Euro - the companies value which comes from its income estimates.
It really seems the project has been abandoned. Anyway, would like to warn everybody - when you look through the ICO paper/business plan pay attention to numbers. I have 15 years experience in banking and financial markets and can tell you with certainty - to win 40% (!!!!) share in brokerage/advising business similar to Raison target markets is impossible. Even if you offer something new, unique, innovative you'll hardly move market titans. Raison mentioned Vanguard in its paper as one of the leaders of robo-advising. Just several facts about Vanguard:
1) The second largest investment group in the world operating from 1975 (total asset under management $4.5 trillion)
2) The total number of clients is about 20 mln in all segments of operations. Raison wants to attract 1 mln only in robo-advising for 3.5 years
3) AUM in robo advising is about $80 bn, Raison wants to raise $18 bn for 3.5 years and take about 40% market share in Europe
I'm pretty sure if I could look through the whole model I would find a lot of discrepancies in all revenue lines and expenses forecasts. While even above stated facts allows assuming that the probability of project failure is close to 100% with such "dreams" instead of real estimates. According to Raison's paper, more than 50% of its revenues come from traditional financial services in the real world. But I don't see anything explosive in their technology, products etc. that could justify such unbelievable forecasts. Guys, just take it in mind when deciding on similar investments.