Here is a good recent example. Person wants $150K for something that can be done for 1/10th. When confronted, they eventually call me a liar and leave me negative trust. :/
What will these funds be used for?
• Creation of a company whose purpose is managing the crypto farm and investment activities (October-November)
• Creation of company's identity (November-January)
• Hiring a specialist or company as a legal advisor (October)
OP - this is a welcome idea. A community curated list of best practices would help.
Yes, the community-curated list of best practices would help. You might be surprised by the number of investors here who like to throw around money unnecessarily without doing what is needed to evaluate a project before investing.
About the quoted project, I had to quickly navigate and read the thread, however, one thing I noticed is just a general problem on the proposal thread. The OP there didn't tender the proposal in a detailed manner. For instance, as you indicated earlier in the thread, there's no information about him or the team that will be handling the project. Another issue is that the OP is not calm enough to digest people's complaints and criticism which is rampant in any business. For some reason, he's triggered by those and while trying to defend himself, he wrongfully approached the whole thing and made things worse. Don't get me wrong, this issue might not affect the OP's ability to run his project successfully...
However, it certainly will determine how he will treat his investors in the future if things go wrong. Even professional entrepreneur takes complaints and criticism