Blockchain startup ExsulCoin is proud to announce that angel investor and crypto specialist James Sowers has joined their Board of Advisors. James Sowers is an ICO advisor, founder of Crypto Specialist LLC, angel investor, crypto capitalist, philanthropist, mentor for the Alchemist Accelerator, and a financial journalist. He’s invested in over 30 startups, as well as a dozen initial coin offerings. He was recently interviewed by the Huffington Post on his theory of Tokenarism (also featured in Economic Trends), and is a regular contributor to Crypto Daily U.K.
ExsulCoin General Counsel Cat Song says that there is currently a glut of ‘ICO Advisors’ pitching their wares today. “Just yesterday, I received seven cold calls or emails from groups asking if we needed more advisory services. These past few weeks I’ve been communicating with two to four ‘advisors’ on a daily basis – all trying to sell their services. There was one group that we had contact with about five or six times before they even asked us what our company name was, or if they could see our white paper.”
The ExsulCoin team believes that their aim to solve the global refugee crisis is so time-sensitive and critical that choosing their advisory board requires proper vetting. They recommend that an ICO advisor should:
(1) either have some direct experience with ICOs or a great deal of experience in your specific field,
(2) definitely have a strong grasp how to mentor a startup company through all its stages of growth, and
(3) believe in your team and project.
Companies should look carefully at the services being offered by ICO advisory groups, as often times the services are unnecessary, or the advisory group doesn’t have enough experience in that specific area. For example, you may be better off hiring a dedicated attorney to oversee your ICO process, instead of paying an advisory group that will throw in tons of bells and whistles that include some legal servicing.
Ms. Song says that “We’re thrilled that James has decided to join us on our journey. He’s been a wealth of comfort and knowledge in regards to the ICO process, is a great mentor, and has a considerable number of industry connections. What we love most about him is his enthusiasm and obvious passion for blockchain technology.”
Rajiv Pant, the CTO of the Wall Street Journal (former CTO of the NYT), is leading the advisory board, which includes Rachel Schutt, Professor of Data Science at Harvard (former Google executive, and former Chief of Data at Newscorp), and James Jalil, Thompson Hines partner and head of its Global Cryptocurrency Practice.
ExsulCoin is a new blockchain technology platform for refugee-led projects that will provide refugees and aid organizations with a completely new way to manage humanitarian efforts. By utilizing the immutable record of the blockchain, ExsulCoin can provide refugees a permanent record of their professional and educational accomplishments, as well as proven identity credentials. The company is launching an initial coin offering (ICO) in February 2018 in order to raise funds for the development of the ExsulCoin platform. For more information, visit www.exsulcoin.com.