Calculating by marketcap when talking market buys isn’t the right way to go about it. Investing has a range before it jumps a level. When talking about crypto that range is 2-10mil - regardless of the marketcap of the asset. This is the range most investors feel comfortable investing. So if your crypto can’t provide enough supply to fill the 2-10mil range, you are missing a whole level of investor that is very important.
I’m not sure how long ago you talked to hedge funds but ICOs have died off. IEOs are too small for anyone to care about. Investors are looking at older coins with solid fundamentals. Investing in the right coin has always proven to out perform investing in the businesses built ontop of them. Hedge funds worth their salt know about steem, mainly due to EOS but also the fact there was no ico, which clears Steem from the SEC coming after it for a illegal ICO.
Posted using Partiko iOS
Yes my point was that when putting in that kind of money and to adequately compare tokens, the market cap does seem to matter.
I get your point on missing out on a whole class of investor though, and that very well could be the case.
Regarding the Hedge Fund, I met with them back in late 2017. They liked the idea of steemit.com and the potential and were looking for some kind of equity stake in it, but didn't go much beyond that. Said that was more interesting to them than buying the tokens. Steemit,Inc never responded to them either way though.