Cofound.it is a distributed global platform that connects exceptional startups, experts and investors worldwide. It will first be built by the blockchain community for the blockchain community — and then for the whole world.
The token crowdfunding space is growing quickly. In 2016, a total of $200M of investments was raised, and $400M is projected for 2017 (Techcrunch). This represents around half of the traditional venture funding last year in the blockchain space (Coindesk Report). This year we expect blockchain companies to raise more capital through ICOs than any other form of financing, an historic event that flips over the traditional venture capital pipeline (Harvard Business Review). There is a clear need for a service providing additional structure - from carefully selected teams to active mentoring. Such a service could capture the whole “high end” segment of around 25%-50% of the market (the Apple strategy). Looking at the bigger picture, it has become apparent that the token crowdsale model can not only provide funds to startups but also connect them to early adopters and evangelists - a marked improvement over the traditional VC model.