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Blockchain Edge Podcast
5 minutes | Oct 30, 2017
How to Make the Most of Your Burn Rate
Every company has a burn rate--the rate at which your spend cash each month on developers, office space, marketing, and more, in order to keep your company functioning. Before you begin fundraising, all companies should determine their burn rate, as part of their financial planning. Re-assess your burn rate after you complete fundraising--how much time do you have before all your money is gone, and is it long enough to get your product on the market? Will your continued marketing efforts keep attracting capital, even after your primary fundraiser is over? Planning and knowing the answers to these questions will greatly benefit you and your company. For a free consultation on making the most of your burn rate, visit www.blockchainedge.net.
4 minutes | Oct 25, 2017
Understanding Currency Risks Post – ICO or Fundraising
Blockchain companies who have just completed ICOs or other types of fundraisers have some tough business considerations to make, not least of which is what to do with the money that they have raised. Do you keep it in the original cryptocurrency that you raised the funds in? Switch to a different cryptocurrency? What about changing it to fiat--or some combination of all of these options? This decision should not be made lightly, as it can impact your company's ability to continue development, can increase or decrease investor confidence, be subject to sudden currency devaluations, and more. For a free strategy session on your currency risks after fundraising, visit www.blockchainedge.net.
7 minutes | Oct 25, 2017
Learning from and Preparing for Business Cycles
There are many similarities between the rapid growth of blockchain companies now, and the rapid growth of Internet companies in the late 1990s. Like the Internet company bubble that burst in 2000, blockchain companies will also see that bubble pop sometime over the next few years. Some companies may be scams, but most are companies with good intentions, with talented teams behind them. Unfortunately, not all companies will make it through the impending burst intact, and those that do will be impacted by negative public opinion. Understanding business cycles, and planning your company with those in mind, will give you a better chance of surviving the impending crash. For more information, or for a free strategy session for your blockchain company, visit www.blockchainedge.net.
8 minutes | Oct 18, 2017
How To Use Your Road Map To Your Advantage In Building Your Business
A roadmap is a crucial part of any business, and no more so than for blockchain-based companies. Unfortunately, many companies do not use their roadmap to their full potential, by failing to update them timely or making them overly technical. Monthly progress and road block updates to your roadmap can lead to community engagement and greater early adoption. Likewise, the roadmap can be used to solicit community input about features they would like to see. Roadmaps can show both commitment and accountability, especially with an update at the end of the year, showing all the progress you've made towards your goals. If you think you would benefit from a review of your roadmap, Blockchain Edge can help. For more information, or to schedule a free consultation, visit www.blockchainedge.net.
8 minutes | Oct 18, 2017
Important Discussions For After Your Successful ICO Or Token Sale
Regardless of how much money you raised during your ICO or token sale, there are now some important conversations that you need to have with your leadership team. What do you spend your capital on? How will you be ready for upcoming regulatory changes? Are you prepared to be legally responsible for the actions of the company, and how will you handle potential lawsuits against you? The reality is that your work is just now beginning--to fine-tuning your product and getting it to market, to building the community necessary to make it successful. If you think you could benefit from a post-ICO strategy consultation, Blockchain Edge is here to help. For more information, or to schedule a free consultation, visit www.blockchainedge.net.
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