It’s all about the team; not the technology…
Recently, Vitalik Buterin stated that in the long-term, 90% of ICO’s will fail. We tend to agree. In an earlier post, we discuss what we believe are some of the most important considerations of an ICO or Token Sale.
We’d like to focus on one of those characteristics in more depth in this article.
In Jim Collin’s seminal book, “Good to Great”, he noted that “Great” organizations, those that stood the test of time and outperform their competitors, prioritized ‘quality of the team’. Although decentralized organizations, specifically decentralized communities like Bitcoin and Ethereum, alter the definition of “organizations”, we believe this remains a fundamental truth and one to consider.
We believe our focus on the quality of the team separates Votem from the rest of the blockchain focused companies; our focus is on the “who”, not the “what”.
Before we ever decided on how we’d use blockchain to improve online and mobile voting around the world, we picked the people we knew could help us approach the market need in unique ways. That’s why the Chief Scientist of Vodafone in the U.K., the former Chief Information Security Officer of PayPal and one of Microsoft’s Strategic Advisors joined us almost 3 years, long before we decided to do a Token Sale. And it’s one of the reasons why Emin Gün Sirer, the Co-Director for the Initiative for Cryptocurrencies and Smart Contracts, joined us as well.
Focus on the team is why we have on our leadership team people that have run national elections and built mobile systems that scale in the hundreds of millions of users, all before we ever launched our Token Sale.
Our team is in this for the long-term with a singular focus of making online voting as verifiable, secure, and transparent as paper-based systems; — not for the quick riches of an ICO and the potential of a quick payoff.
Like the Ethereum community, for which Vitalik is mostly responsible, success is built around the quality of the people that share a common mission and a focus on solving real market needs.
As Votem prepares for its token sale in the coming months, this commitment to practical expertise and experience stands in stark contrast to that our competitors. In 2017, hundreds of small teams all over the world have launched their own ICO’s in the hopes they can be one of the companies to raise millions of dollars within their first few hours. Most of these companies have no demonstrable products and many are offering tokens with little or no utility.
Votem’s upcoming token sale is different in that it is not a crowdfunded attempt led by a few opportunistic engineers, but rather by an experienced team with multiple products already in the market, decades of operational experience in the elections space, and a mission and passion to create a lasting voting solution, regardless of opportunity or convenience. Since its founding, Votem has never been a company built for a flash sale or a gold rush. We are a company built to provide a tangible and reliable mobile voting solution that will last far into the future.
Finally, it’s not that we don’t think the technology is important, we do, but exceptionally talented people are the ones that breathe life into it.
For more information, please visit https://www.votem.io/ and subscribe to our mailing list.
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