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RE: Analyzing ICOs. Tips from angel investor.

in #cryptocurrency7 years ago

Hey @aleksb thank you so much with sharing your past experience into the world of VCs, it was very insightful. The sad truth is many people do not want to invest the time but rather leave it up to chance or just buying due to hype.

This space is relatively new and I think with more content like yours can help steer the community into a better direction.

I got a question for you, I am going to graduate soon at the end of the year from university majoring in accounting & finance. I am interested in getting a undergraduate role in a VC, what do you usually look for in fresh graduates?

Currently in the crypto space, there is a lot of information asymmetry, what do you think can be done to reduce that?

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Hey @charlescyl ! I didn't work at a VC company, its a family office I am running. But I have some general idea about your question. First of all, you have to prepare yourself for the interview. There are plenty of resources available online for this. It will depend on what tier company you will apply to, and for the top-flight you have to show solid academic record, as well as be bright during the interview. I would recommend to network with a few people from the company of your choice to get some insights on the recruiting process. On the skill side - they will be looking at logical and analytical thinking mostly. Major in accounting & finance is a plus, this definitely will help you in the future.

Regards information issue - there might be a space for a resource which will aggregate information and and check the validity of it, thus building some reputation. At the moment there is so much 'water' that it is hard to find something valuable. There is plenty of room to improve on the companies side as well, and to be honest I am very disappointed how they are presenting their information at the moment. They clearly lacking some in-depth analysis of their projects, they almost never show any betas or mvps, and they don't show any financial information. And yet they are speaking about decentralization...

Thanks for the advice, yeah I have been starting to go a lot of networking events but I guess I need to try find out more where all the VCs hang out at.

Yeah most ICOs don't have any MVPs pure words and idea, I just feel that the amount they raise does not equate the value. Even if they create a viable product in the future it is going to be hard to seek more funds in the future or get mainstream or big investors on board.