kaal:claim:3067615-022

Associated with the lack of an existing product is the inability of most crypto platforms to generate revenue to offset costs the way traditional businesses do, since they typically have neither employees who create and advertise a product nor customers who generate revenue.

Source quote, verbatim

Associated with the lack of an existing product is the inability of most crypto platforms to generate revenue to offset costs like traditional businesses.

From

Wulf A. Kaal, Marco Dell'Erba, Initial Coin Offerings Emerging Practices, Risk Factors, and Red Flags (2017), IV.1 Intangible or No Product, p. 16
https://ssrn.com/abstract=3067615 · source PDF

Cite as

Wulf A. Kaal, Marco Dell'Erba, Initial Coin Offerings Emerging Practices, Risk Factors, and Red Flags (2017). SSRN: https://ssrn.com/abstract=3067615

Holds when

crypto platforms organized as foundations

Classification

failuresupport: arguedfailure: Absent revenue to offset platform costsfamily: cold-start-and-bootstrappinginstitutional-design

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