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Show Overview:
A dynamic panel featuring Maureen Murat, Amy Wan, Desiree Dickerson and Samson Williams discuss the viability of ICO’s as a funding option. Will the ICO landscape continue to change and mature?
About GFGF:
The Get Found Get Funded podcast is at the intersection of entrepreneurship and social justice where we focus on entrepreneurship as a possible path to wealth creation — specifically for Black and Latinx communities.
Featured Guest(s): Maureen Murat, Samson Williams, Amy Wan, & Desiree Dickerson
Maureen Murat, Esq, Crowdfunding & JOBS Act expert, lawyer (NY/FL/DC) and entrepreneur with over 15 years of legal industry experience. In short, she is fluent in legalese and has learned to cut through “the grey.”
Samson Williams, Founder of Axes and Eggs, Blockchain Influencer and Educator. Samson is a senior emergency & finance strategist specializing in operations & technology, healthcare and financial services crisis management.
Amy Wan, Esq, Founder & CEO of Bootstrap Legal, which automates real estate syndication legal documents, and co-founder and CEO of Sagewise. She also hosts The Law and Blockchain Podcast and has authored the Bloomberg Law practice guide to ICOs and Lexis Nexus’ Private Equity practice guide
Desiree Dickerson, Former scientist and long-time problem solver, eager to drive change through data analytics, strategic planning, and process improvement. Proven leader versed in management consulting and technology, seeking out the next big challenge.
Key Takeaways:
- Basics for funding and running with ICO, blockchain and cryptocurrency
- Preparing for a successful ICO-back startup launch
- Future regulations of Initial Coin Offerings
Timestamps:
00:00 – Intro
01:00 – Transforming Economic Structures
03:03 – ICO Funding Panel Intro
08:30 – Initial Coin Offerings, the Crowdfunding 2.0
9:45 – Blockchain as the Incredible Egg
11:10 – Regulation
15:03 – The Future of Blockchain
18:33 – Funding a Startup with ICO
26:49 – Preparing for a Successful ICO-backed Launch
29:40 – The Downside to ICO
32:55 – What’s Next for Cryptocurrency
43:29 – What’s Next for ICO
50:40 – Outro
Quotes from the Show:
- “One of the reasons why ICOs developed was because the blockchain and crypto community came from really crypto anarchist roots. They come from the philosophical beliefs that ‘We don't want government intervention.’ A lot of the first projects that were all very community based were decentralized. These projects, in particular, had a very difficult time getting funding because it's open source and it's decentralized.”
- “ICOs are really unique ways to create a community that's going to engage with your product after launch.”
- “So long as you know what stage you're in and not necessarily trying to force a square peg into a round hole, and you know what your limitations are, I think an Ico can be a really good way to raise capital for funding. One thing that when you're raising money you have to keep in mind these are other people's money. So lying and being dishonest or misrepresenting is not the way to go.”
- “Blockchain in five yars will be like WiFi. No one is ever going to say, ‘Oh, we’re leveraging WiFi to do our business.”
- “Blockchain isn't hot sauce, you can't put it on everything. You might just need an Excel spreadsheet or SQL database to address what your actual business purposes are.”
- “Overall, I think that [a company launching an ICO] should be based on blockchain technology. Otherwise, I think you're going to really complicate things and get yourself in a kind of a legal mess.”
- “I call [blockchain] eggs so you can make a lot of things. You can make pancakes with eggs, you can make souffles with eggs. Pancakes are really simple to make with eggs, and so cryptocurrencies are the equivalent of pancakes. They're very easy to make and that's why you see a new cryptocurrency being developed every seven hours or so.”
