Post
Topic
Board Project Development
Re: RFC. A new ASIC miner for memory hard algorithms.
by
mgoz
on 07/08/2018, 18:57:27 UTC
I wouldn't even consider an ICO or relying on outside investor funding if all you need is $100k to start. You should be able to get that easily through a small business loan. Many startups, not even crypto related, fail because they are primarily relying on and burning through investor funding, refuse to invest in themselves, and on top of that, have absolutely nothing generating real income to even pay the bills. If serious, what you and your team should do is invest in yourselves, build a working prototype, and go from there. Investors are more willing to invest in something when you can show them you are invested in it yourself. Most want to see that you have already done all the initial leg work and that all you really need is funding to scale.

I think you will have a difficult time getting investors if you are positioning yourself in Asia while claiming to be "fighting against" the Asian ASIC monopoly.