The Entrepreneur Forum | Startups | Entrepreneurship | Starting a Business | Motivation | Success
  • Please Leave the Politics to CNN and FOX.
    Just a reminder that political topics/memes are prohibited, unless discussed within the realm of business and investment, for example, the impact the new Treasury Secretary might have with BTC. Please help keep the forum free of politics. (And I promise to do better myself!)
  • Join 60,000+ entrepreneurs who are earning their freedom and living their dream.

    "Fastlane" is an entrepreneur discussion forum based on The C.E.N.T.S Framework outlined in the two best-selling books by MJ DeMarco (The Millionaire Fastlane and UNSCRIPTED®). From multimillionaires to digital nomads to side hustlers who are grinding a job, the Fastlane Forum features real entrepreneurs creating real businesses with one goal in mind: Freedom— both financial and temporal.

    Download (Unscripted) Download (Millionaire Fastlane) Register
    Registering for the forum removes this block.

I Launched a CRYPTO Investment Fund

Remove ads while supporting the Unscripted philosophy...become an INSIDER.

GetShitDone

Bronze Contributor
Dec 20, 2012
402
309
138
Vancouver, Sydney, London
Hi guys,

Over the past 2 months, I've created and amassed a 500 person Telegram group where people will pool together their money (in the form of the Ethereum cryptocurrency) to invest in "Pre-ICOs" which are basically when people can invest to get the best possible public discount for an ICO because they are investing a large minimum investment (Usually $50,000-$100,000).

We have invested in 4 ICOs so far with our "pool".

My 2 co-founders and I make money off taking a 3%-5% fee off the total amount raised (management fee) and also sometimes get a BONUS amount of tokens from the ICO itself for bringing in the money.

Me and my partners have made some decent profit, but I want to scale this thing up from a lemonade stand to an empire.

What ideas or feedback does anyone have on

A) how we can monetise this further

B) how can we scale this (grow member base) to create a massive platform that creates more opportunities
 

Don't like ads? Remove them while supporting the forum. Subscribe.

Merging Left

Silver Contributor
Read Millionaire Fastlane
Speedway Pass
Jul 20, 2014
397
722
300
30
Are there any regulations in place yet about this? I know the SEC has placed some regulations on companies offering ICO's, but I'm not sure about funds.

All that said, I would think that if you want to scale and appear legitimate, you'll need to branch off of Telegram. Unless you're trying to stay anonymous?

Either way, there are plenty of online news publications who would jump at the chance to feature a new crypto fund. Go for that.
 

HackVenture

Digital Marketer
Read Millionaire Fastlane
I've Read UNSCRIPTED
Summit Attendee
Speedway Pass
Mar 11, 2011
342
494
236
Planet Earth
3-5% fees is alot higher than the 1% that most savvy investors would accept, so charging higher fees I think isn't really an option.

As someone heavily involved with ICO's & crypto, I think your biggest challenge would be a continuous flow of healthy deals as it's getting harder and harder to get private deals for good projects, so getting allocation for good projects should be your main objective imo.
 

Matthieu P.

New Contributor
Read Millionaire Fastlane
I've Read UNSCRIPTED
Feb 15, 2018
6
14
21
29
France
Are you offering anything beyond the fact you provide some benefits that are usually reserved to people who can come up with a large investment ? Like in-depth research posts that explain why you choose to invest in this particular pre-ICO ? I think that kind of post would both provide value and show that you know what you are doing (since it will be a while before we know whether the ICO you chose were, indeed, good ones).

I'm really into cryptos, but I just don't see why I would want to participate in your pool. Now I'm not in your ideal target audience because I think ICOs in general are too risky and that I can get a better risk/reward ratio by buying coins that are already registered on a few exchanges... But you said you wanted to grow a larger base, so I thought this opinion would still help.
 

OlivierMo

Bronze Contributor
Speedway Pass
Feb 12, 2018
123
211
156
Idaho
Hi guys,

Over the past 2 months, I've created and amassed a 500 person Telegram group where people will pool together their money (in the form of the Ethereum cryptocurrency) to invest in "Pre-ICOs" which are basically when people can invest to get the best possible public discount for an ICO because they are investing a large minimum investment (Usually $50,000-$100,000).

We have invested in 4 ICOs so far with our "pool".

My 2 co-founders and I make money off taking a 3%-5% fee off the total amount raised (management fee) and also sometimes get a BONUS amount of tokens from the ICO itself for bringing in the money.

Me and my partners have made some decent profit, but I want to scale this thing up from a lemonade stand to an empire.

What ideas or feedback does anyone have on

A) how we can monetise this further

B) how can we scale this (grow member base) to create a massive platform that creates more opportunities
Till cryptocurrencies aren't backed by a real economy and GDP I consider them a "scam."
 

GetShitDone

Bronze Contributor
Dec 20, 2012
402
309
138
Vancouver, Sydney, London
3-5% fees is alot higher than the 1% that most savvy investors would accept, so charging higher fees I think isn't really an option.

As someone heavily involved with ICO's & crypto, I think your biggest challenge would be a continuous flow of healthy deals as it's getting harder and harder to get private deals for good projects, so getting allocation for good projects should be your main objective imo.

We've now invested in 5 ICOs.

I agree its tough to find the good projects more and more since the best deals get snatched up by hedge funds/VCs who are getting them first.

What's happening with the stock market (IPOs) is seeming to happen with the ICO/Crypto market when it comes to the institutional investors getting first dibs on the best projects for the best deals.

I'd imagine the objective of finding strong deal flow is getting well connected in the ICO/Crypto space to the top 1%ers that can get these deals?

---

We came up with a business model where we PARTNER with other investment pools and "pool-chain" our funds to invest in under-hyped and good ICOs, where these ICOs will give us a strong finder's fee for bringing in the capital too.

For example, we find an ICO and pool-chain with 10 pools to invest in it and raise 1,000+ ETH. We then take a 10% finder's fee from that ICO for bringing in the capital and new large community.

We make money off the 10% finder's fee from the ICO and also charge a small standard pool fee to the investors for managing the process.

We do this with every ICO and our "pool alliance" of 10 pools working together in this manner to create leverage and large amounts of capital that allow us to take the finder's fee cut.

Let me know your thoughts.
 

ZF Lee

Platinum Contributor
Read Millionaire Fastlane
I've Read UNSCRIPTED
Speedway Pass
Jul 27, 2016
2,395
4,238
1,026
22
Malaysia
Till cryptocurrencies aren't backed by a real economy and GDP I consider them a "scam."
You mean 'speculative'?

And given the scale of crypto, I suppose the definitions of a real economy and GDP would change for that matter.
 

Sponsored Offers

  • Sticky
MARKETPLACE Fox Web School "Legend" Group Coaching Program 2021
Yeah, your youtube channel is incredible and all the videos I have seen so far are really great...
  • Sticky
FEATURED! Introducing... WEALTH EXPO$ED, A Short Story By MJ DeMarco
Finally! I just launched a short story on Kindle (FREE if you have Kindle Unlimited)! After...
  • Sticky
MARKETPLACE You Are One Call Away From Living Your Dream Life - LightHouse’s Accountability Program ⚡
I planned to make a separate post for this video but it is useful here as well for anyone...
  • Sticky
MARKETPLACE Lex DeVille's - Advanced Freelance Udemy Courses!
Last promo of the year.. Get the training you need now or miss it. Promo Code: FINALHOUR...
  • Sticky
MARKETPLACE Kill Bigger Incubator
UPDATED POST: Hey Guys! I wanted to give a quick update on what this program has become. In...
  • Sticky
MARKETPLACE Grow Your Business With a Book (An Unorthodox Marketing Strategy That Built One of the Largest...
Are you looking for a new, lesser-known but potentially very lucrative source of leads to your...



Forum Sponsor

sponsor

Fastlane Insiders

View the forum AD FREE.
Private, unindexed content
Detailed process/execution threads
Monthly conference calls with doers
Ideas needing execution, more!

Join Fastlane Insiders.

Top Bottom