Im not piling on here and sorry if you feel I am but this point is very true and, IMHO there are other factors.
David Irvine has unmatched talents and is up there with the smartest guys in the room and Im sure would be voted into a list of top noble thinkers. But this does not make him a salesman or a marketing genius.
This campaign needs fresh eyes and talented marketers who have NEVER heard of Maidsafe to review it, challenge it, clarify it and then publish it. This campaign needs to pull out all the stops and hire professional presenters to do “current” videos that clearly demonstrate potential and bring the best of the best features to the forefront and back the claim that this is nothing like anything before it.
IMO this BNK is premature and if possible be postponed for 4-6 months when vaults are live and test safecoin is launched. This could well take this oversubscribe the USD $2.6M
Yeah people are obsessed with blockchain right now, because it’s “proven.” To me personally I see it as people are still also obsessed with the days of fluff, where XCoin raised 80x-100x in such a short span, etc. A lot of that is gone, since Factom is the only one that has risen 20x+ in recent history (maybe others, but I only briefly looked). But I do think a little bit of that mentality (or a hella’ lot?) is still prevalent in people’s wishes to see a quick buck via fluff. Could argue that SAFE Net is technically fluff due to its unproven nature so far (which, to prove, takes months or a year after the full product is released? not sure, maybe someone has a better inclination/idea), …but the developer team’s history and direction being better than anything out there right now (technically speaking, because of surpassing the blockchain) completely bypasses that, for me.
There’s plenty of cognitive surplus around. I can vouch for the fact that my old pal Danski would have said the same thing (6 years on the same marketing team). We had a team of a dozen people and still made plenty of mistakes that we all had to learn from.
I think we need to find a way to use community input earlier. None of us know it all, but we’re all good at something and we all have a different way of looking at each situation…
Nick/David can make use of a lot of brain power/experience, the only price is a little sifting of wheat from chaff.
Other companies don’t have this advantage… if they have supporters they are mostly retards. Use this very unusual situation. Crowd source some creativity and run stuff past us… I dare say the last crowdsale would have gone better if lots of people had a chance to think about it first and it looks like this one could have done with it too
A clear answer to what the 6.25% equity means, would be a good start. I wouldn’t know what to suggest that represent if asked… beyond guessing that it’s a piece of the future
Investors are looking for a ROI but is there a clear statement of the source of growth in that. Those of us following progress for a while understand it but the pitch I hope includes something directly addressing that. Perhaps @nicklambert can add more so that community can think on what else they can do to promote awareness.
My thought to date has been that the bnktothefuture is looking to a different audience but perhaps that’s an assumption and it’s more of the same crowd that were drawn to the initial principals and delivery that saw such success at the cryptolaunch, Points above about the nature of speculation noted but all investment is similar and motivations are all flavours.
why were maidsafe’s and synereo’s pitches lie before they were on the search page?
It is very surprising about synereo’s investment. They are now at 3million I think it did help that their minimum was low because of what you said about fomo
I assume they do it every time and preferred investors get first dibs. If they like something and it’s small they just take it all - as can be seen happened twice before. Not very fair really.
It also helped that synero did the scaling % bonus of amps for investors, so big pockets were incentivised to go for $120k each to get the max # of free amps. Although a whole load of something going nowhere still 'aint much lol /biased
The term equity refers here to the original money invested in the company. In time, this will be supplemented by the profit retained by Maidsafe ie not distributed as dividends, but for the moment clearly this is no profit. So the original stakeholders are just selling a small piece of this capital to the public.
Yes, obviously so by definition but what is the ROI.
I admit to being lazy but perhaps that’s the point… most investors are greedy; it needs to be put in front of people rather than expecting they can see it for themselves.
I think somewhere recently divine did suggest the key prospects for company profit; so, I’m just hoping those are being hammered home and having not seen it on a lazy first pass I’m wondering if they are clear to all. See above the reddit query needs an answer along these lines.
Also, and I’m guessing here… I expect the valuation necessary needs to be obvious too… at 6.25% for £2m does that suggest the current value is £32m?.. its a fair value given the quality we see and the prospects but again investors want to be spoonfed reasons to push buttons.
We can’t know that ahead of time. Nick stated they’re aiming for a 15X return in 4 years, but it’s really all guess work at this stage. I strongly urge people to invest, but I also think they should only invest what they can afford to lose, so to mentally right this off. Very few start ups succeed, even fewer go on to become multi-billion companies.
Yeah I agree with you it would make more sense to me if the link was private until it went live. Instead of some people being able to invest before it’s live because they’ve found the link.
Synereo’s pitch is a little sketchy to me. A lot of people are asking questions about the amp bonus because the terms are confusing and the devs aren’t answering anyone’s questions. The forum on maidsafe’s pitch looks much more legitimate because the devs are there answering and helping people out
David says it in the bttf pitch, that they will “potentially” earn from the 5% stream.
Watch the pitch video again from 2:40. It’s pretty clear I think. Unfortunately I haven’t found anything written about it specifically… Maybe you are confusing the 5% that the foundation holds and the shareholders will be able to trade their equity for?
5% of all safecoin is held in trust by the foundation to buy back shares from investors if the investor wishes to sell them that is.
5% are core rewards, we stand to make a % of that, initially very high, hopefully tapering off.
10% are app dev rewards, we really want to push this to others and Viv is very focussed on us not earning much here. There are ongoing ideas to push other projects forward, even us providing Engineering time direct amongst others.
Licensing of tech to corporates to handle existing data centers more efficiently (even getting rid of data centers requires accounting write down for many corporates).
Partnerships with joint venture partners globally
Engineering consulting
The largest growth and profits, I believe are in what does not even exist yet. Such as secure medical record sharing, connecting machines, particularly medical instruments and autonomous vehicles etc. and then of course the Internet of Things. Much of these areas have the potential for immense growth and we are in a great position as a business to take advantage of the skills and capability of an already global team of Engineers and support staff.
I imagine when we get up for air and time to breath we will make partnership deals with many companies, large and small, but globally. I am not interested in a vertical Western market and much more inclined to globally immersive approach.
Phase II will be very interesting as we will make partners of competitors and try very hard to lead a new fresh approach to open business practices and clean clear talking.
Mostly, but not as succinct and not as much clarity perhaps about future revenue streams. It’s a pretty defined area for a pitch and follows a format that it uncomfortable for me anyway.
I went through the pitch and didnt find anything as eloquent and efficient as your post here. The pitch desperately needs that. I agree with you and see the pitch area is pretty poorly structured but you choose the verbiage.
