First of all, the clip video of slate is very entertaining. You made a good point telling that a good team is very important.
Unfortunately, as I research more about the Slate Project, I found some red flags for me not to invest on this.
- High Hard cap. The hard cap is reaching more than $100M and for investor the higher the hard cap means the lower the potential of returns.
- Weak Team. The team doesn't have any experience of being a founder or CEO on a decent company before.
This is a hard pass to me but maybe I am wrong, I am not a financial advisor. This two red flags is enough to me not to go through an in-depth research. Best of luck to everyone.
Agreed, while the video is very nicely done and the project makes sense, team appears to be weak overall, with limited credentials. In addition, many people listed on the team appear to have other projects in parallel - which would be concerning for team focus. I think there is room for a competitive project with a stronger team in this space.
Thanks for your comment, @hiroyamagishi. I do want to point out, part of Slate's tech team is Jason Squire - CEO Red Ball Internet, Robert Morton - CEO OPTiFi Inc, and Ian Campbell -CEO iConect.
Michael Moyal, co-founder of Slate Entertainment Group and CEO of North Capital Partners
Marino Kulas, co-founder of Slate Entertainment Group and CEO of North Hollywood Films
https://slate.io/#team
I saw that in their profile as well but take a look at my words as I written it carefully.
A decent company is my point. For me a good and decent company is a company with big reputation and have many employee. The team matter is a very subjective point and it is up to the investor which is strong team and which is not. As for me I mark them weak team for not being a CEO of a decent/well known company. Red ball -3 employee, Optifi Inc.- 6 employee. I don't invest on a $100M hardcap but the team is not showing a decent experience. Best of luck by the way.
There are two CEOs on their team list if I am not mistaken, under founder and board of directors? Unless I am missing something.
I think hard cap is mostly for content acquisition which in this space you need capital for.