🔴 🔴 🔴 📽 THE FILMGRID DIARIES 🎬【 CHRONICLES OF AN ICO 】 🎬 🔴 🔴 🔴
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The purpose of this thread, is to create a chronicle of our efforts in the adventure of running an ICO for our project, Filmgrid. The main idea is to earn trust in this community. In times were scammers are the everyday thing, in all sides of the ICO and cryptocurrency, I Believe only transparency and communication can build such trust. This could also be helpful in the future for those who decide to fund their projects using an Initial Coin Offer, learning from the blunders and inerrancies we get to have.
Being aware that in an open thread, messages may arise, at the end of the diary deliver, we will include a small section to give answer to comments or question we may receive.
How to start this diaries? for we started this adventure some time ago. Maybe I can only say that as of now, it has been an interesting ride, with so much still to come. The project began a few years ago, not as a blockchain idea, but has a business plan to disrupt the movie business industry. Why? Because it is so corrupted, somebody has to do it. Working on developing an innovative business model, we cross with blockchain technology, that covered all the needs that traditional technology was not, and make such model a possible reality.
We were ready to launch Filmgrid as a crypto-company last year, during the bear market; due to the negative tendency, we decided to wait.
It was until this year, after suffering some lost of team members and a thinning in our budget, that we could not wait anymore; Filmgrid has to happen soon. So it was in march when we began with a new strategy, adapting the project to the new panorama; we hired a top ICO consultant and redistribute obligations among the existing team. A smart contract was written for a Private Sale and we communicate the news to as many investors we could. Also, we began our digital marketing plan, using Filmgrid's social networks to communicate the project in almost daily delivers, picking specific subjects to be explained one at the time. A first version of this diaries was attempt using Steem and Medium, however, it was not reaching the right community, it was right after we launch the Announcement and the Bounty Campaign in BitcoinTalk that it was understood that the diaries belong here first.
20190622 | PRIVATE INVESTORS
After this brief recap, I will like to tell you about the weekend, it was very interesting. It started Saturday at 4:00 A.M. since I had to travel to Milano, Italia to meet potential investors; I am exploring all opportunities. At this point we have had phone and email conversations, yet a person to person meeting was required. So I took the 7:35 London-Milano flight. Never been in Italy and definitely don't speak Italian, reason why I don't understand that at the moment I presented my passport I had to say very loud 'Bonjorno' (I sounded like Peter Griffin trying to speak the language), the customs guy started speaking Italian to me and I have no clue what he said, it was embarrassing. My meeting was until 3:00 P.M., so I took the time to tourist a little in "Il Duomo" cathedral, very impressive place.
The meeting begun at 3:15 P.M. when I met in a very fancy bar with the very well dressed investor representatives, since the project core features had been discussed before, I talk more about the marketing plan and the second phase of the token distribution and a little bit of tokenomics... they where not too interested into listening to the last, which I found odd. It seem they had something to say, so I give them the chance to do so, they assure me their client had already make the decision to invest a big amount (I won't disclose it, but it was considerably big) to buy FILM tokens and it was only matter to discuss the paying process, since there was not interest into using a smart contract, but instead with a traditional contract sale. And the big bomb was dropped. The transaction must be in cash.
After seven years working in Fintech I know there is no bigger red flag than cash.
I suggested using bank accounts, which was refused. At this point I am already a bit angry, they could have spare me the trip (money and time wasted) on the phone the two times a specify we only take Ether, but I was also curious to figure out if this was a scam attempt, a money laundry operation or a legit old school transaction; so I kept my grip and even though we were not to take cash, I asked as many questions I could think of.
the meeting was over and decided to hurry to the airport, which was very difficult, public transportation in Milano, even though is great is complicated when you don't know how it works. One cannot pay on the bus, instead, a participant store must be found to buy the ticket. It took me around 40 minutes to understand the tired bus drivers what was to be done. I got to the airport without inconvenient and board my flight. Sunday will be to review and evaluate with the team what just happened.
So, to close this first delivery of the diaries I want to ask you, what opinions do you have in regards the investing offer? what liabilities do you see? and most important, what warnings do you detect?
