ICO Consulting Agencies have started cropping up in the developed and the developing world alike. This is more of a success of the penetration of the internet than that of Blockchain. ICOs offer a simpler and more cost-effective solution than equity offerings. The fact that there is hardly any regulation of ICOs despite the recent spike of governmental agencies in ICOs and the over-cautious nature of early ICOs have created a thriving ecosystem of Blockchain experts.
These Blockchain experts come from all walks of life and are not restricted to engineering graduates only. The only connecting links between these self-professed Blockchain experts/advisors/evangelists/influencers are the following five points which each would silently agree with but never accept in public.
1. They would rather work from home but hire a working space only to appear professional to clients
The oldest Blockchain expert was born in the 1980s. They are the business use cases of the internet. If something cannot be done by tapping a few times on the touchscreen or the keyboard, it's low-tech to them and very likely to become obsolete. Unfortunately, meetings on Skype etc. are still not a replacement for "offline" meetings and thus, the ICO Consultant will get an office, not because he/she needs it, but to hold meetings with prospective and existing clients.
2. It's easier to create a client's website than your company's
There is actually a thing known as "Expert's Dilemma. Ask any programmer who knows 10 programming languages what his/her favorite programming language is. You won't get a definitive answer. But ask anybody who only knows Javascript and guess what his/her favorite programing language is? Thus, when a client wants a website made, he/her has a definitive vision of what they want. But when an ICO Consulting Agencies begins to code their own website, they're stuck.
(Pro-tip for consultants: Outsource it. I know it sounds ridiculous but that's something to look into)
3. Tokenomics is Black magic
There is no solid reason for accepting or rejecting a proposed tokenomics. Thanks to clients that understand less about tokenomics than economics, ICO Consulting Agencies largely bow to client's wishes than argue to allocate 5% less to company reserves as there is no solid evidence to back that argument.
4. New Technology hits them as hard as it hits everybody else
they just recover faster.
5. Not every Blockchain expert is an expert
Like every other rising industry, the crypto-verse too is populated with good salesmen and orators who can bullshit their way across. The mark of knowledge is silent acceptance of self-doubt. Unfortunately, business and board-room meetings are no place to exhibit weakness.
All in all, an ICO Consulting Agency is a microcosm that represents the aspirations of a highly ambitious Generation Y and Generation Z. They are buoyed by the massive success stories of the internet-fuelled Generation X. It goes without saying that the next Gates, Jobs, and Zuckerberg will come from a background in Blockchain and distributed ledger technologies.