Tesla’s take on the classic American pickup truck has just blown up the status quo. And as usual, everyone has an opinion talking about looks and the partly failed demo of the glass. But no one is talking about the big ‘secret’ elephant in the room. It’s not a pickup truck.
I’ve been there, done that. And I have my share of scars and war-time stories. These are 5 rules I learned the hard way, in no particular order. Hope this helps.
Only entrepreneurs understand how lonely and hard the life of an entrepreneur is. They usually have similar scars. And having the opportunity to just share your situation with peers helps a lot. You’d be surprised that other entrepreneurs may offer ideas and potential solutions you didn’t think about.
Talking to other entrepreneurs, during rough times, helps you put everything in context and give you a new perspective.
That’s one of the major reasons why I always advice NOT to take any money from FFF (Friends, Family and Fools). Because when the shit hits the fan you should always be able to get back to friends and family. They’re always there to support you. If you take their money and you fail, it will be hard to expect support from them. …
Governments are dreaming of removing anonymity from Crypto. They see Crypto as a taxable goldmine and they want to cash in.
It all started so beautifully. Total anonymity. You could mine Bitcoin, Ether or buy AltCoins in ICO’s and then pump-and-dump them with a hefty profit. No one asked you who you were or where you lived.
But all those profits created a new Crypto Aristocracy of billionaires, multi-millionaires and millionaires. And most of them wanted to buy real stuff in the real world. …
Following the example set by Facebook, VISA and MasterCard, are putting a ban on everything Crypto by categorizing Crypto transactions as high-risk.
The high-risk categorization essentially means that merchants and brokers, which are somehow connected to Crypto, may see their merchant accounts frozen or terminated.
This will make it extremely hard, if not impossible, for Crypto-exchanges and Crypto companies to transact from and to VISA and MasterCard cards.
Although Crypto will over time make banks and card issuers completely obsolete, this is not the reason why the card issuers are implementing the ban. Most likely it’s the lack of KYC and AML compliance, which today is a legitimate issue. …
Before you start fundraising from VC’s, you should understand who they are, how they think and how they operate. To help you on this journey I’ve compiled a list of 10 secrets, which will help you navigate the dangerous venture capital waters.
This means most of them fail as much as startups do.
That’s why the 1% to shortlist doesn’t change often and rarely are new people added to the list. New players are excluded by default. Y Combinator forced out Paige Craig from investing in Airbnb.
They place many small “secret” bets through secret pundits to get access to winners. So for outsiders, it may seem as if winners ultimately always select them, but in reality, they were already in the deal and were able to move in faster. …
This is by far the most important reason for the loss of momentum and the sharp decline of crypto as a whole.
Today no product, service, political party or ideology can thrive, let alone survive, without access to online distribution channels of Facebook, Youtube and Twitter.
We spend most of our lives on social networks. That’s where we get most, if not all, of our information.
Most people have no idea how much power Facebook, Twitter, and Youtube has over our lives. They create algorithms, which filter and organize all the information we consume on a daily basis. …
A different view on the merits and limitations of the Airdrop, and why it will not replace the tokensale.
The Airdrop, just like the ICO, has its set of serious design flaws. Many, especially inside the EOS community, are heralding the free mass-distribution of tokens via an Airdrop, as the new way of funding blockchain organisations. But does it work?
Tip: Read “Top 10 reasons why ICO’s failed”.
Distributing tokens for free may look as the best way to neutralise scrutiny from financial regulators. That is by far the most important problem of token-sales today. …
I’ve compiled a list of 10 reasons, in no particular order, why the ICO v1.0 is losing steam.
That doesn’t mean the token-sale concept itself will disappear. It will not. It will simply evolve and mature.
If it walks like a duck and it talks like a duck. It’s a duck. The fact that people bought utility tokens, expecting to make a profit, by definition (and by law in most jurisdictions) equals all utility tokens to securities.
For a token to be a utility one had to have some form of a token economy, proving how the token would be used inside an ecosystem. In most cases those token economies were built on untested and unproven assumptions, without even having products, let alone users or customers. White papers described thriving token-economies, which promised growing demand for tokens, which in turn would result in dramatic price increases, turning the investment very lucrative. The fact that profit was expected proved beyond a reasonable doubt that utility tokens were in fact securities. …