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Hank Leber

๐Ÿ‘ค Speaker
228 total appearances

Appearances Over Time

Podcast Appearances

SaaS Interviews with CEOs, Startups, Founders
1110 Why His $1.2m ARR SaaS Company Shut Down

Unicorn does, but a lot of these companies that are doing token sales are doing it on a product that isn't actually in the market yet.

SaaS Interviews with CEOs, Startups, Founders
1110 Why His $1.2m ARR SaaS Company Shut Down

And that is a highly speculative window.

SaaS Interviews with CEOs, Startups, Founders
1110 Why His $1.2m ARR SaaS Company Shut Down

I think 2018, you'll see, you know, businesses, legitimate businesses running business on their tokenized products.

SaaS Interviews with CEOs, Startups, Founders
1110 Why His $1.2m ARR SaaS Company Shut Down

And that's going to change the nature of what it means to be on an exchange.

SaaS Interviews with CEOs, Startups, Founders
1110 Why His $1.2m ARR SaaS Company Shut Down

It's a good question.

SaaS Interviews with CEOs, Startups, Founders
1110 Why His $1.2m ARR SaaS Company Shut Down

I'll tell you that I don't know what Unicoin Gold and Unicorn is doing with it, but I'll tell you.

SaaS Interviews with CEOs, Startups, Founders
1110 Why His $1.2m ARR SaaS Company Shut Down

this, businesses can choose to keep it on the market and kind of roll the dice and see where the wind blows, or they can pull some of it out into fiat and keep it in the bank and use it as actual burn or runway.

SaaS Interviews with CEOs, Startups, Founders
1110 Why His $1.2m ARR SaaS Company Shut Down

And I don't know what Unicoin Goal has chosen to do, but it's definitely a big difference whether you want to bet on the market or not and keep it in there.

SaaS Interviews with CEOs, Startups, Founders
1110 Why His $1.2m ARR SaaS Company Shut Down

Unfortunately, there's not a lot that prevents that right now.

SaaS Interviews with CEOs, Startups, Founders
1110 Why His $1.2m ARR SaaS Company Shut Down

What is happening just from the last year until now, really the last six months, is

SaaS Interviews with CEOs, Startups, Founders
1110 Why His $1.2m ARR SaaS Company Shut Down

The wisdom of the crowd is really helping sniff out some of the bad actors ahead of time.

SaaS Interviews with CEOs, Startups, Founders
1110 Why His $1.2m ARR SaaS Company Shut Down

Unfortunately, we've seen a few of them actually slip through the cracks and do less than favorable things with the token sale raises.

SaaS Interviews with CEOs, Startups, Founders
1110 Why His $1.2m ARR SaaS Company Shut Down

But yeah, we're in a very Wild West period right now where you got a white paper out there with a product that intends to go live on the first day of trading.

SaaS Interviews with CEOs, Startups, Founders
1110 Why His $1.2m ARR SaaS Company Shut Down

You know, it's kind of, you know, it's a bet.

SaaS Interviews with CEOs, Startups, Founders
1110 Why His $1.2m ARR SaaS Company Shut Down

It's a bet on the team to not do irresponsible things with that money.

SaaS Interviews with CEOs, Startups, Founders
1110 Why His $1.2m ARR SaaS Company Shut Down

Similarly to when, you know, an investor is going to bet on a company and startup founders.

SaaS Interviews with CEOs, Startups, Founders
1110 Why His $1.2m ARR SaaS Company Shut Down

There's just generally a lot more one to one diligence there.

SaaS Interviews with CEOs, Startups, Founders
1110 Why His $1.2m ARR SaaS Company Shut Down

And here we don't have that diligence.

SaaS Interviews with CEOs, Startups, Founders
1110 Why His $1.2m ARR SaaS Company Shut Down

I'm hoping that the wisdom of the crowd and, you know, just the collective intelligence is going to help keep some of those bad actors out.