Post
Topic
Board Altcoin Discussion
Re: I need a reality check, is an ICO right for me to fund a business?
by
proparty
on 11/06/2020, 16:34:25 UTC
You didn't mention how you're going to do business with your startup. It looks not even a business at all if you're feeding people one meal a day, this looks more of a charity and investors that will put money into your startup will get ownership and how they'll make money from that? there's no clear business model that you're actually doing including the marketing and hiring of employees. Most of things that you have mentioned were all cash-out flow and the only cash in flow is the investors money.
I suppose I'm relying on good faith of the investors to continue to contribute money into a business that feeds people for free, the more investors that are attracted to the idea the larger the market cap grows thus improving their ROI long term. Which is different then giving it away to a charity and never seeing a return at all. It is all cash out, the only cash in is the investors contributions and donations here and there. It'd be set up like a non-profit, but as soon as the money stops flowing, the business is done.