This article will focus on the IDO Reseach channel and specifically on its creator Leo. We managed to record an hour-long interview with him and discuss many interesting things. Now I would like to write down the main topics of our conversation.
Portion financing.
Most projects make most of their money at the time of listing. After that, they are simply not interested in developing the product; they can hire an outsourced team that will pretend that it is working, and then go create a new product and raise money. Solving the problem in piecemeal financing, when the team understands its Burn Rate and strictly requests money from the fund in relation to it, this will not allow the team to relax. It would also be a good idea for cash-out on a listing to send the proceeds to Treasury, but so far no transparent mechanism has been invented for this
“Without $200k you have nothing to do here”
Money is an opportunity to make mistakes. When Leo came to the crypt, he bought a huge amount of experience through his own mistakes, it’s worth paying attention to the fact that he had the funds to buy this experience. If you're going into crypto, be prepared to lose, it's part of the learning curve and you won't get anywhere without it.
Crypto is about money
No matter how sad it may sound, at this stage of development, for the most part, this is a story only about money making. Most founders don't have great goals to change the world of finance, they just want to make money. And our task is to create such conditions for the creation of projects when founders cannot take all the money from the listing and go start a new project.
Many topics were not mentioned in this intro to the podcast, for example, you can listen to the story of getting an allocation in Stepn, building your product without venture capital money and typical portraits of CEOs in our industry