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Is there a legitimate reason why ICO-backed projects seem to need so much money before even making a working prototype? Don't startups normally have to have a b
by drngdds 8y ago
Is there a legitimate reason why ICO-backed projects seem to need so much money before even making a working prototype? Don't startups normally have to have a basic product to show off before they get investors?
- tomglynch 8y agoAlmost all successful ICOs in the past 6 months have working prototypes. Only in the very early stages, June 2017 - November 2017 was this not the case.
- mrhappyunhappy 8y agoNo. The incentives do not line up when you are making up front what you would typically when you have a successful business.