/biz/ - Business & Finance

A company is an idea but before that it’s a good execution team. Being in this space for awhile one comes to realize you need a holistic approach in vetting projects. Having you (Draper) as the current viewed CEO/figurehead of the company with no successful management or startup experience is a cause of concern for potential investors and even current investors. It is very abruptly a no-go for many individuals as it portrays red flags to many. Having said this, although work has very clearly progressed substantially and exponentially, until cause for concerns can be addressed I fear the project can not be seen as a professional investment rather than an actual gamble within the crypto sphere, thus reimagining Stakenet(XSN) as nothing but a dream despite the work that has been made. When investing one has to think like an actual VC, There is no saying that the project can’t work, but there is no proof that it will succeed, as a VC there is more red flags than green. When viewing Stakenet from this perspective the lack of transparency between the CEO and the community is a dealbreaker. To not be disrespectful but address the importance of my concern and others significantly, an elevator pitch posted on YouTube with transparency about the involved team members and their backgrounds would suffice at the current relationship level the team is with its supporters. If one is willing to invest money for future profit a deep screening of the project is necessary.

There is no doubt in my mind that the dex is an outstanding feat. but the opposite can be said for the long hated business aspect of XSN And the X9 developers.