In a chatroom this morning I watched a conversation scroll by where people were feeling down and out because of lack of progress on a project they had supported financially.
The idea they had been "cheated" was the unspoken undercurrent.
I've seen many here who judge the "idea" of a project first.
The order I like to work in is...
Who is working on it? (how successful have their other projects been?)
What is the plan? (Are they being realistic?)
Finally, I might get around to ..
Is it a good idea... (does someone need or want this?)
There is another solid approach too, which is just to throw some money at a lot of projects and hope some or one of them sticks and is successful.
Anyway, 9 out of 10 business fail, even in the real world...
Even when carefully evaluated ideas can fail for other reasons as well..
Don't invest more than you can afford to lose!
Steem is high risk, anything built on Steem is double the risk!
