How To Assess Blockchain Teams And Advisors

  • Kepler Finance
  • Dec 27
  • Article
a cover image for a guide on blockchain team assesment

1. Intro: the end of an Era

Let’s state things clearly: the second half of 2018 was the end of an era.

It was the end of an era for the ICO dream, where, with the advent of regulations and mistrust, teams could no longer use a few colorful pages on a White Paper to raise millions of dollars within a few hours. The end of an era for the legendary crypto-volatility, after the stabilization of Bitcoin and Altcoins suddenly shut the road to 100x returns on a crypto-investment.

The second part of 2018 showed us a story made of undelivered products, of failed projects, of broken teams – and as a consequence, the Blockchain space is now maturing, and participants are demanding that concrete questions be investigated, and answered, before believing in a new project. This is the case particularly because almost each ICO in the sphere is launched by a startup, with all the traditional risks involved – and the success of each one of these projects, especially the most idealistic ones, is determined by the Founders, by the Team, by the people behind it. Thus, it’s not only ideas and visionaries anymore – but real characters in a professional company, with knowledge, team dynamics and solid expertise.

2. Look at an ICO – Invest in a Team

People have stories, and Blockchain startups do, too. Now, in order to reduce the risk of a bad investment and to detect the most promising ICOs around, let’s kick off the main elements needed to be analysed in initial research, in any related ICO risk assessment. The team, the advisors and the founders behind a project have their own experience, their expertise, their own personalities, character and culture – and they all need to match with each other for a project to succeed.

Management team: the essential part of blockchain company assessment.

Before talking about how to assess an ICO in general, before any other technical/financial consideration – we should start by considering that C-level executives and Founders are human beings, and as such, they need to go in the same direction, and have the same, clear vision about how their product should look like in order to make it work. This will save us from Beatles-kind of situations where each goes his own way.

Here are the main questions you need to investigate:

Get exclusive insights to boost your investments
This email adress doesn't seem valid.

Team Competencies

Try to consider all possible gaps in available human resources and make sure that the team is aware and plans to fill them. If somebody is missing or there are any team weaknesses – the advisors should cover that gap – it’s obligatory.

Advisors

Advisors should not be just names on a White Paper: advisors are a critical part of every successful project. Not only do they need to be concretely involved and understand the scope of the company, but they also need to provide their expertise in order to balance the team, cover the above-mentioned gaps or industry experience, and guide them as a wise uncle in moments of panic or doubt.

About Advisors, never forget to ask yourself:

Always cross-check all information about Team members and Advisors when you assess ICO Teams, make sure that they are what the whole story is about.

Previous history of successful funding rounds

As we said, Founders, Team members and advisors have stories – just like everybody else. In the startup world, beside their relationships, personal experience and connections, these stories translate into some kind of Business history – successful or not.

You should always be able to answer all these questions in order to make a rational decision.

Transparency and communications

This is a set of questions to consider and don’t take anything for granted:

3. ICO assessment tools and resources

As you can imagine, all pieces of the information mentioned above are scattered across the web. Until now: Kepler Finance gathers the key information you need in a one-stop platform and prevents you from wasting hours or days on research across the web. It gives you a decided kick-off in starting your initial research – but there are also other important resources you may be considering in order to assess teams at best.

Here’s a list of tools which you shouldn’t overlook during your Blockchain risk assessment research:

With all these sources, you can reach a rational decision about the project and the team you’re thinking of supporting. But again, always remember to cross-, double- and triple-check your results, distinguish paid and non-paid resources, dates of publications etc. In conclusion, as a reminder, always assess an ICO before investing: data-driven assessment, that’s where the non-romantic 2nd era of Blockchain begins.

Find this article useful? Feel free to share it in your favourite social media