Thinking Of Blockchain? 3 Early-Stage Type Of Investors To Look Out For
By Ejiofor Francis on ALTCOIN MAGAZINE
Considering the pace at which the blockchain industry is gradually winning enthusiasts over, many businesses are gradually adopting its technology to solve one or two real-world problems — ranging from security, data safety, etc for their consumers.
The benefits of this technology are pretty much amazing, but integrating it into any business model requires a lot of funds. And that’s why nearly all businesses working towards its adoption with a viable business plan require monetary support from investors to get the project running at early stages.
Investors are unique players in the growth process of any business, but getting them to follow your business idea about blockchain is tasking. And since the business is blockchain-based, there are certain types of investors you should be looking out for, not just anybody. Actually, here are three early-stage types of investors to look out for.
Seek Investors Who Give More Than Just Money:
As a blockchain startup, it’s no longer news that you need competent investors. Given that this technology is still in its early stage, it is best to look out for people willing to invest more than just money. You need more investors who are willing to offer not only great connection and prime mover customers but also great investors. Don’t think they don’t exist, they do.
High-profile investors like Will Bunker — the co-founder of Match.com takes special pain in giving help, advise and even first-mover customers to great startups because he understands what matters to early-stage companies.
In 2018, when “ICO mania” was at its peak, investors were just looking for valuable tokens to invest in. And so many blockchain startups used ICO as a crowdfunding means but some missed the nitty-gritty: great advice and help from investors.
Hence, if you’re looking out for an Early-stage investor, seek investors who are willing to offer capital and helpful advice that can assist your business down the road.
Seek Investors With A Long-Term View On The Crypto Space:
Seeking investors with a short-term view about the crypto industry will really yield you little or nothing once you start working together. Actually, their myopic sights are inspired by the present buzz in the blockchain sector and such investors are usually triggered by FOMO (fear of missing out) As a matter of fact, such investor lacks some crucial understanding about blockchain technology.
To be on the winning side and save yourself and company from some unforeseen arguments in the future, it is advisable to seek investors, partners or colleagues who believe that blockchain technology is the future of businesses. That is investors, who have long-term views about the industry, and are willing to build a sustainable and real-world application that will solve customers’ problems.
Being a founder simply means you greatly understood the opportunities lurking around blockchain technology; therefore, apply wisdom while seeking for investors. Lou Kerner said: “blockchain is the biggest thing to happen in the history of humanity.” Well, this might seem a bit exaggerated, but, it’s potential can still be compared with the birth of the internet 20 years ago.
Seek Investors Who Have The Necessary Patience To Make Something Happen:
One of the crucial virtues every Founder of blockchain startups needs to look out for in investors is “patience.” If you seek investors who lack the “required patience,” or investors looking for automatic results after investment, then, you’re gradually signing up for some future arguments.
Blockchain itself is a great technology that so many people are still struggling to completely understand. And since it’s still at its early stage, it requires enough time. Actually, it is only founders and investors with the necessary patience that can make something off it.
Sincerely, finding investors that fit into this category isn’t a simple task at all. But it’s achievable if you use the right formula.
In conclusion, don’t make the mistake of involving just any investor involved in the early-stage of your business. Rather target the right people: the people who will invest both resources and helpful pieces of advice, people who have a long term view in the crypto space and people who have the required patience to make something happen.
