RE: "They're Not Companies!" - But What Does That Mean for Sustainability?
Ultimately project management and the ability to inform the investors accurately of the roadmap the project will follow and transparency. Two projects come to mind for me CarVertical and Seele.
CarVertical made an announcement that they had secured a deal with BMW only for BMW to refute the scale of this arrangement.
Seele had an unfortunate start with funds being stolen followed by flawed ICO that was then successfully launched a second time.
Shareholders of companies get the opportunity to vote on important matters but Crypto based projects will votes on their performance, lack of progress on a potentially daily basis.
The balance between good PR, transparency and vision is a lot to juggle at the same time but they need to get a grip early. Thanks for posting this.
Thanks for the comment. You made some really good points.
So do you have any thoughts on how these projects will sustain themselves long term? Since they do not generate revenue - how will they be able to maintain their operations? Or are you aware of projects that have a plan in place to generate revenue? Or maybe they do not need to generate revenue because of some factor that I am missing. Any thoughts on any of these points? I would love to hear other opinions on this.
Looking at some of these projects they read like a good thesis but unless they can market them correctly and maintain good optics even when they have a long-term viable proposition, they could come unstuck through lack of interest because they did not keep people informed along the way.
I agree with what you're saying - that marketing is important for keeping people informed.
I'm still unsure how these projects plan to sustain themselves over the long term though, when they do not generate revenue. Operations cost money, employees cost, and innovation/development costs money - so if projects do not have a plan to make money how will they sustain themselves? I guess Its a question that will be left open for the time being.
Thanks for adding to the conversation :)