Dangerous money is the best money because - as one of the early adopters - you get all the fame, market share, and earnings. While late adopters of the same technology work hard to gain a reputation and to earn less than you do without any reputation. Learn to find, explore, and change the best companies in the IT sector.
Invest your time, money, and energy to get maximum profits. The easy way is by doing what everyone else refuses to do.
Why search for the risk? Types of risky money
Risk is an income generator of the biggest degree. Venture investors engage in high-risk groups to gain significant revenue (and fame).
If you invest in an established company, you invest in something venture investors left in their past. You accumulate a small portion of the revenue with low risks of failure, and nobody knows you as a top-level crypto guru or the master of selling the domain names.
If you invest in a weird company that has recently appeared on markets, you could see a substantial boost in your revenue and authority.
The risk of failure is always a distraction factor, so the majority of investors are staying away from emerging markets and products. Risky money means you will have to put your capital (or time) into something everyone else considers a mysterious, shocking, or even awful thing. The average investor will look at your suggestion and say ''What is it? Stay away from that thing, it’s dangerous and shady."
Vague projects and ideas are better at unique value propositions though. They are so unique folks don't even get it. The majority often do not consider investing in things like domain names, porn websites, online casinos, youtube channels, cryptocurrency exchanges, or even in-game item creation studios.
The smell of money doesn't seem to touch their nose until the whole idea spends a few days traveling the air around.
Porn sites are one of the most visited types of web resources on Earth. The computer games industry attracts billions of dollars into virtual economies too. Computer games are forming a new type of reality inside our lives, so the human fetish is not the main goal anymore. Now, developers are experimenting with users, giving them the tools that change physical reality.
The power of such a sophisticated fetish is big enough to make the users generate awesome content for free. The gaming industry is probably one of the rare ones where users are putting a ton of their free time into creating solid additional software.
Best players even find tricky methods of making money on gaming. For instance, you could film your adventure and put it on YouTube as an in-game screencast. If you put in sharp humor and tell the kids some deep game secrets, you could reach millions of views on doing nothing smart.
Countries like South Korea, China, Ukraine, India, Belarus, showed they have developers with the talent big enough to overcome the United States based IT studios.
It's just funny, and it makes money
Another bright example of risky investments is personal podcasts and radio shows, like the Joe Rogan Experience Podcast. It enjoys extreme popularity among people across the planet. Joe invites personalities with unusual, strong opinions, like Richard Dawkins, Bob Lazar, Alex Jones, or Elon Musk. Joe makes tons of cash seducing serious guests (and viewers) with jokes, tobacco, alcohol, and cannabis.
The topics of conversations are above the level of casual understanding. For instance, Bob Lazar said on the podcast that he was working at the U.S. secret military base known as Area 51. And he saw nine UFOs of different shapes there. Those can turn themselves invisible, use no wires in internal control systems, and charge from very powerful but compact engines. Also, during the conversation, Bob puts a ton of shocking details on the table. On a podcast, Lazar looks like an old-school Hollywood scriptwriter, not a physicist.
Any classic scientist would say Bob's theories are the "conspiracy" because such things often sound too fantastic and he has a doubtful proof. Yet people still want to know, and that's where the money appears. Joe Rogan's investors gain ridiculous amounts of money on stories from his guests.
Rogan’s partners probably made millions solely on Musk podcast views. In it, Joe seduces the famous inventor to smoke a pot joint. It sparkles concerns over his adequacy among Musk's personal manager and Tesla shareholders. Musk said he only smoked weed a few times before the podcast. There are a ton of cannabis-related memes with Musk traveling the web now, though.
How to distinct risky, yet perspective IT projects: Cryptocurrency as an example
Back in 2011 the smartest people on Earth were looking at Bitcoin and laughing. Sometimes, a project causes laughter and doubts. Don't rush to move past the idea just because it's not something "the general public" accepts.
The community of Bitcointalk forum "mined" some virtual gold, and that was it. People thought that there is no way this can get too serious. Bitcoin was nothing more than the forum's inner money. All because people didn't go into the details of how it works.
After ten years of growth, Bitcoin is still not perfect. For instance, it works very slow in terms of transaction speed. Current network miner settings are nowhere near the Satoshi standards, if not worse. Bitcoin lacks scalability, security of development, clear ideology. Moreover, cryptocurrencies, in general, are sensitive to double-spend attacks, social engineering crimes, unfound bugs, and more. People who invest in Bitcoin invest in some future image of it, not the current status of the technology.
As we see, risky IT projects often make an impression of some toys for the coders. However, even the biggest banks on Earth are now chasing the adoption of blockchain. It’s understandable, as the tough crypto adherents tend to jump in slowly too. Many of the prominent Bitcoin followers were hit by the idea the second time they heard about Bitcoin, not the first one.
Look at the "serious" investments, like the shady funds. In 2008, the bubble explosion vanished millions of dollars, companies, and jobs out of the market. A year later, Bitcoin as a new form of money (and a funny idea) emerged on a forum related to financial cryptography. Strange thing, dollar printing received enormous boost the same year:
What to invest if you don't have the money?
Cryptocurrency permits people to directly own (and earn) a share in the economy they create. When you don't have the money or don't need to put it in, consider investing time and effort. In many IT projects, you could see decentralized development going on thanks to people working for themselves. It means that the participants can be the creators at the same time.
When you develop open-source code for the blockchain-based system that you personally use for payments, it means that you totally care about the fund's safety. The more secure your code is, the more you can get as the funding for your effort. People could send you donations for example, as Monero fans do with the developers. Also, you can find sponsors on the go as Ripple and Beam creators do.
If your wallet, app, or online website is good enough, different people from the crypto industry will reach out to offer advertising deals and you just pick and accept.
You can benefit from putting ads into the wallet app that you create. Or code the best version of the coin swap feature and present it for a wide set of multi-currency wallets.
Working with the investors: good and bad sides
Be sure to check the people you partner with, as well as their partners too.
Practice shows that investors can boost your project and destroy it too. If you accept a large investor's offer, you pass your project in the hands of this person. They are now the rulers, and you are not. Since that moment, you are the nominal director. And the whole thing will probably depend on the unnamed players. Because a shady money source is the secret that investors cannot disclose. You will have absolutely no idea where the money comes from. All because you are not obligated by law to defend your firm from money laundering schemes.
Anytime, they can drop supporting your venture due to the unnamed reasons. If your contract is terminated in a one-way fashion, it makes you ask the whole team to leave and look for another job. Sure, the investors are asses, but they have strict rules to follow. Getting rich is the magic of filtering people.
People with big cash never give explanations to those who cannot compete with them in terms of capital size. Since they already know your ideas, they could steal it all to walk away. And you're screwed without the money because ideas only bring cash when you raise them like flowers. You must know all of this stuff. And make sure that you have a large secret money bag and only sell the ideas worth losing. When investors leave, it helps to keep the project afloat for a few months. Time is everything, nobody will put a ton of time into something that seems unprofitable even in the longterm.
As the investor, you must demand clear explanations on where the money goes. Some of the CEOs take the cash to organize jacuzzi parties, buy vehicles for staff, increase the presence of scammers, alcohol addicts, and cheap con actors within the office. Be extremely attentive when you speak to the company staff. Check their online profiles, Twitter activity, and such. Be sure to check the names of top managers in the online scam databases.
Don't rely on investors if you want full control
If you are sure that there's room for improvement or that your company must remain in your hands, reject the investors, start independently. The cryptocurrency industry has seen a lot of projects with a good start and a slow, painful ending. Lack of investments made projects suffer for the code updates. If your team is not the believers who will voluntarily keep involvement despite the attacks of destiny, the lack of workforce may come. And it often kills the project.
Unfortunately, only a small number of companies from a portfolio please the investors in the longterm. Do you feel that you can negotiate with absolutely anyone? Is your mind open enough? Do you have experience worth a ton of gold? Then try and win the ticket to paradise by accepting the investor's cash.
If you win this harsh game by proving the big sharks that you're dangerous enough, they will welcome you among the best brains of IT. Try to win without somebody's help. Do not expect a kind attitude in the industry. Here, computer geeks make huge profits on purely virtual ideas. This is the party of charm, fog, mirrors, and crowd effects.
Let's take Bitcoin and blockchain as an example. Blockchain is a part of Bitcoin, not vice versa. ICO leaders and con artists did not present any substantial data on how altcoins could repeat Bitcoin's success without systematic investment.
Bitcoin's success lies within a dozen of factors, not just the presence of blockchain. That's why ICO projects fail - they don't have top brains, community support, and the bright history behind their chain. They only spread fud and hype on everything. Simply adding a blockchain is not the recipe for significant growth.
How to negotiate with high-profile business people
Negotiations are the key part of the business. The ability of inking deals with unresponsive clients or sponsors probably makes you a rare master.
The first rule - you must get rid of your ego and start listening to people. If you think that you're the best in what you do, and then some professional claims you're not, it's not a good idea to put your diploma or past achievements in front.
Address yourself, analyze the situation and motives. Usually, there is no personal bias in failed negotiations. The editors, miners, top managers, venture investors or CEOs can see things you did hide even from yourself, so be completely honest with everyone.
The second rule, do not pick sides in ideology wars. Even good businessmen tend to pick sides and follow stereotypes, which makes negotiations a nightmare. Yet consider that 80% of mortals do not listen to another person in a conversation. Avoidance of changing opinion is another popular trend, try to escape doing that.
The third rule: do not waste time and energy, get to the business instantly. Business people don't like the time wasters at all. Only write emails containing a clear business offer that shines with a strong spirit and value proposition. Thousands of people reach out to say Hi or to share stupid pictures only.
The fourth rule: describe everything in detail. Other people have no idea what your project is about. Top-level investors only put money into something very clear and easy to understand. Nobody likes large emails full of drama. The same goes for CV's - please, don't make your CV too long. Avoid special language, slang, be extremely polite, but don't crouch.
The fifth rule: the project you want to get money for/invest in must address horrible problems. Investors show interest in case the goal of your venture aligns with their vision of the industry. Show them that your company solved tens of thousands of specific client's requests. Send screenshots of positive user feedback where they claim that the company saved their life. Only such things can attract capital in case your product is not the fresh game-changer or some technically proven killer app on steroids.
The sixth rule: don't worry about the website metrics or a small number of orders, chase profitability. Does your venture have only several dozens of clients? If they generate 250% in profits monthly that's cool. Such a revenue metric will make investors look in the case, since profit scalability is the principal factor.
Accepting money from shady personalities: good or bad?
If you want to accept money from the investors, make sure that you checked their biography, business background, and partners. Investment companies can look very legitimate. But remember the old saying: tell me who your friends are and I will tell who you are.
Be aware that legitimate investors are playing complex games though. Some of them, who are good at the art of pretending, can make the scammers work for them. It works by taking a slice off the audience which follows the scammer.
Please, keep a sharp eye on the nuances: it's not a crime to talk to a scammer or even to invite one to interview or to your local financial conference. You must differentiate between smart investors who advertise their products using the scammer's rich audience and the scammers themselves. All of them like the attention, so be sure that you don't judge people too often and can guess the hidden motives.
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Wow, interesting idea.