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RE: Proposal: Bringing A Twitter Like Service to SteemIt
How do we know zappl isn't going to go the way of squeak?
Sorry for the provocative kinda question but there has been so many projects dropped on steemit...it's a little hard to take anything seriously anymore..
Well squeak was only stopped because nate was hired on as an intern at steemit as well he was still in high school. He became busy with more pressing matters, nates not apart of out team we are just taking up where he left off.
Yes we had chats with the community about how people would get large sums then stop. We have no plans to stop in fact other then the amount needed at the start all funds will be held in the saving system so everything will be transparent.
Everything other then 35% will be left in the savings. before if we take any out of the saving we will make a post and explain the next milestone of the project. We are professional developers And will treat this community with the respect it deserves.
I think you need to consider putting up a completed roadmap, key milestones, key challenges, how you plan to grow the product and the support staff a well.
You may also want to consider some method of Escrow for the funds (such as a multi-sig wallet) and possibly have a monthly report letting your investors know how those funds were spent and how much is earmarked for future milestones.
There is a distinct difference to the mindset of a donor (such as me in this case) and an investor.
How the funds will be handled has been posted in the question pfunk asked above. But yes we do plan on going over all this. But since we are crowd funding we aren't really dealing with investors per-say.
Investors would be looking for a return on their investment were looking for funding from donors so to speak. We have already had some talks with V/C'S and we don't want to have to go that route.
An investor and donor are two different things, investors look for that profit and could stop certain development of things that don't seem profitable to build. Donors more or less help fund the development and help contribute ideas not dictate from that back.
There is nothing wrong with the investor approach, we just like that idea community driven support more then we do being persuaded not to work on certain features because they seem to controversial. But if we can't get the funds we need there is a chance we might have to do to V/c's Aka Venture Capitalist.
But either way yes we will go over all this such as perks and rewards for those who donate to the development of the new platform we are trying to build.
The next phase ( the 3rd phase ) is requesting we do more roadmap'ish, key milestones and challenges. So I suspect you'll be seeing it. Thanks for the feedback.
It's a fair question @snowflake glad @zappl can address it.