We are in the era of support. Sometimes all. It takes is a bright idea, strong connection or something to grab people's attention and attention from investors starts coming our way. There is actually a lot of money being allocated to those who investors feel will give them the largest returns in the long term. It seems that the crazier the idea, the more support one is likely to receive in terms of value.
The criteria for support though is not properly defined nor are the options thoroughly exhausted. This creates a situation where investors can miss out on the most likely to succeed, and they often do. Many businesses once thought to have the potential for scaling have brought in devastating losses to investors and rather than expand the pool criteria, those failures have simply narrowed the possibility of investors success.
Most businesses need investor support to scale or even start. Some people may have just bright ideas with zero capital or expertise on how to go about it. Capital gives legitimacy and seriousness to any project, but it wouldn't save a terrible business model from dying. I know even I have had one or two bright business ideas in the past that may have taken off with the right capital, who knows? I also think personal grit and determination to succeed can sometimes be all the capital we require.
Forging Ahead
For instance most people passionate about their ideas will find a way to start regardless of the amount of initial support they receive. A lot of investors also look towards funding the latter stages of an investment rather than the early stages. It means there is opportunity for founders and their businesses to prove themselves before they can attract the required investment capital. Many investors also learn another important lesson during the process of growing without investor capital.
Bootstrapping they call it. Finding a way to succeed without major funding is perhaps the most healthy way to start and grow a business. It may also be the most difficult route and filled with various uncertainties so a lot of founders will rather not have to deal with it. It gives the business a lot of footing though, as the onus will be on them to innovate or simply die. Many businesses that do succeed from this are better equipped to grow with the injection of more capital. Some may even realize that they don't need the capital after all.
Leo Support System
Of course no business truly survives without zero support. Whether it is family and friends or personal funding at the early stages, there needs to be a deal of support and sacrifice when major funding is absent. What we have seen from the success of leofinance so far has been a great deal of personal sacrifice from the founder and developers, as well as strong community backing. This might not be worth a billion dollar marketing campaign but it has kept the company afloat.
As the company enters Alpha Mode, it certainly continues to mature at a rapid pace. I'm quite convinced that should that major investment funding come now it will be much better utilized to a sustainable growth model than previously imagined simply based on what we have been able to accomplish.
I think Leo has seen so many criticism and lot of external antagony, but the project has continued to go in the right direction even if the processes and transmission hasn't been flawless.
It is the resilience of the devs for me. Grit is really something that needs to be taught in schools
Post voted 100% for the hiro.guita project. Keep up the good work.
New manual curation account for Leofinance and Cent