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Ratings Teambrella

Not Insurance. A Lot Better.

Teambrella is a peer-to-peer alternative to insurance. Teambrella platform is already live. Opensource iOS and Android apps. The members of pilot teams already cover their pets, bikes, and cars in Argentina, Peru, Germany, the Netherlands, Russia, and the USA. Teambrella's VC investor, Shanda Group is the largest shareholder of Lending Club. Addressable market - $3 trillion.

3.8
20 expert ratings
3.7
3.4
4.1
3.9
View rating distribution
Unknown
Token
TMB
Price
1 TMB = 0.001 ETH
Bonus
Available
MVP/Prototype
Platform
Accepting
ETH
Soft cap
2000 ETH
Hard cap
10000 ETH
Country
Whitelist/KYC
KYC & Whitelist
Restricted areas
USA, China, Cuba, Iran, North Korea, Syria, Crimea
More on ICO
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Ratings

Ong Jun Hao
Founder Of BlockConnectors.io (Top Blockchain Advisory Firm In Asia) | ICO Advisor For Asia Market | Consulted 20+ ICOs | Marketing Expert
Rated on Jul 21, 2018
Modified on Jul 21, 2018
4
3
4
6%

Have MVP and interesting project. Peer-to-peer is a big business and hope to see more adoption soon.

This is not financial advice or a recommendation to invest in this or any other ICO. Investors must perform their own due diligence and not rely on external ratings to make their final investment decisions. ICOs are risky and 100% loss of capital is possible.

+3Agree
+2
-1Disagree
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Douglas Lyons
Board Advisor- Early Adoption and Strategic Partnerships
Rated on Jul 3, 2018
2
2
2
6%

i do not see this product being able to achieve any type of international market share.
I do not see this product as having any type of viable return to investors in either the short or long term.
I do not see this as a good investment.

+2Agree
-8
-10Disagree
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Alex PapernoICO team member replied on 3 Jul 2018
Hi Douglas,
If you are open to discussion, please let me know.
I would love to tell you more about our product and long-term vision.
Clemen Chiang
Ph.D. | CEO | Investor | FinTech in Stocks | Blockchain in Cryptos | Singapore
Rated on Jul 19, 2018
Modified on Jul 20, 2018
5
5
4
6%

"Teambrella's VC investor, Shanda Group is the largest shareholder of Lending Club."

Congratulations for raising seed capital from this Singaporean.

+1Agree
+1
Disagree
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Hung Chih (Jason Hung)
International Consensus Association Cofounder | Investor Meetup | ICO advisor | China Market
Rated on Jul 3, 2018
3
4
4
6%

Interesting project, have MVp and app online. The soft cap and hard cap is reasonable. Also have some early market adoptation. Good single to investor, but a whole new business model than insurance worth to watch the long term availability.

+2Agree
0
-2Disagree
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Alex PapernoICO team member replied on 3 Jul 2018
Thank you, Jason.
It's great that you pointed out that we have a whole new business model. Once our model proves to be better than insurance, it's here to stay. Kinda the same as crypto vs fiat.
Nozomu Nakazato
ICO consultant
Rated on Jul 4, 2018
3
5
5
6%

Steady, fresh and innovative ideas.
It is also preferable that the reason for the existence of the block chain is clarified.
In Japan, for example, promoting the formation of teams involved in childbirth will be extremely popular.
Especially this part is not covered by insurance, it involves pain.
We expect to join specialist projects on ICO.

+8Agree
+7
-1Disagree
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Alex PapernoICO team member replied on 14 Jul 2018
Thank you, Nozomu!
Karnika Yashwant
ICO Marketing Expert | Launch Strategist | Global Branding and Fundraising Master
Rated on Jul 7, 2018
3
4
4
6%

I love the fact that it has MVP and it attacks a massive industry. I would love to see more solid team. KYC approved, which is good, but a solid team goes a long way in crypto.

Agree
-1
-1Disagree
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Mohit Tater
Blockchain & ICO Advisor, Investor, Serial Entrepreneur
Rated on Jul 5, 2018
Modified on Jul 5, 2018
4
4
4
5%

Good use case of smart contracts plus they already have a working prototype. Team looks solid. the raise could be a little bigger though. Overall, looks solid. All the best!

+1Agree
0
-1Disagree
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Shohel Alam
Entrepreneur | Data Analyst | Investor Relationship| ICO Marketing & ICO And Blockchain Consultant & Advisor
Rated on Jul 9, 2018
3
4
4
5%

Good Team Member, KYC approved, which is good. But don't find Advisor Board in here. will be great If you create good advisor Board..

Concept and vision looking good. Soft cap and hard cap is reasonable.

Already have MVP and app online.... Best of luck for team and concept.

Agree
0
Disagree
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John Papadopoulos
Crypto-currency enthusiast, Miner, ICO analyst, Angel investor, ICO investor,Strategist
Rated on Jul 3, 2018
4
4
3
4%

At first glance, this project looks promising. Team looks solid, with prior experience and qualifications. The idea that individuals form teams to cover costs as an alternative to insurances looks ideal. Everyone hates insurance companies. However there are some things that need a more detailed explanation. For example, I understand that there is a flaw in the voting process when the majority of the voters want to exploit other members of the team. Let me know if I am wrong

Agree
0
Disagree
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Alex PapernoICO team member replied on 3 Jul 2018
Hi John,
Regarding "the flaw": To carry out such 51% attack, you'd need to organize the bad majority first. And while it's technically possible, in big teams you would need to bring a lot of bad actors with you. Please also note, that the weight of each voter is proportional to the amount of funds that the person has already spent on other people's claims to date.
There is a good explanation of how it all works in this Bitcoin Magazine article:
https://bitcoinmagazine.com/articles/teambrella-wants-to-revolutionize-insurance-coverage-with-peer-to-peer-bitcoin-payments-1459521851/
Gaurav Areng Chakraverti
Entrepreneur, Marketing Advisor, ICO Advisor, currently CMO and Co-Founder
Rated on Jul 12, 2018
2
5
3
4%

This one's tricky. (Also, my first review of an ICO).

I personally love the concept! As described in your video, insurance is currently a necessary evil. I feel any attempt at shaking up that status quo and disrupting the industry can be hugely beneficial.

It's great to have a live platform, additionally, it's great that it's backed by a VC RELEVANT to the industry.

That said, it's a little concerning (at least at this point) that no one in the core team comes with any relevant financial/insurance background. Moving forward, if you'd add more people on board who come with that knowledge who could potentially aid in the execution and growth of the company that would be beneficial. Aside, I don't completely understand the holding of 35% of your tokens for your team, that are anyway vested. There's probably logic behind that figure, but it's not completely evident to me as yet.

Advice at this point - work on strengthening up the team with people with relevant experience, because cracking into the insurance market isn't going to be easy by any means, no matter how great the vision for this product is. And if you can't crack the market, you can't justify an investment.

Good luck though! Looking forward to what's potentially in store from this one.

+1Agree
+1
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Alex PapernoICO team member replied on 14 Jul 2018
Hi Gaurav,

Just wanted to mention that the 35% is reserved for the company, not for the team. We have obligations to our seed investor and are going to use those tokens for the benefit of the company.

If you love the concept, you might also like the implementation of the concept.
Even if you are not a member of one of our pilot teams, you can check out the fully functional demo more of our mobile/web apps:

https://itunes.apple.com/us/app/teambrella/id1259298681?mt=8
https://play.google.com/store/apps/details?id=com.teambrella.android&hl=en_US
https://teambrella.com/demo
Warren Whitlock
Blockchain Influencer advising top companies
Rated on Jul 19, 2018
4
5
4
4%

Insurance is ripe for disruption and I have no doubt we will see many better way to insure those things which we value.

the team at Teambrella appear to be on the right track. So are others. Market adoption will be the challenge

Agree
0
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Quentin Herbrecht
CEO | Ico Marketing and PR | Social Media Influencer | Airdrop expert
Rated on Jul 17, 2018
3
5
4
4%

A functional product, a team with experience and worldwide representatives.
I appreciate the unique business model: not providing insurance but removes the need for it.
The team nevertheless tackles a large market with strong pre-established competition.
Soft cap & Hard cap achievable. I would advise the team to recruit more advisors and perhaps increase advertising to boost their social networks and attract investors.

+1Agree
+1
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Tobias Schulz
Investment Manager, Pre-ICO Venture Capital Investor, ICO Advisor
Rated on Jul 11, 2018
5
5
5
4%

Well designed project, VC backed so a proper Due Diligence has probably been done.

Bringing Insurance Service on the Blockchain is one of the major Use Cases for this technology.

+1Agree
+1
Disagree
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Alex PapernoICO team member replied on 11 Jul 2018
Thank you, Tobias!
Alexander Sverdlov
Cyber Security Advisor for ICO startups
Rated on Jul 9, 2018
Modified on Jul 9, 2018
3
3
3
4%

Your addressable market is not 3 trillion, that is a preposterous statement showing little to no research into the immediate market which is ready to be served by your service. That number is only shown by existing users using it and there are none.

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Anders Larsson
Investor and consultant in distributed ledger technologies. Business strategy and CTO profile.
Rated on Jul 2, 2018
4
5
5
4%

Low initial valuation (low HC) combined with insurance that is a good use case for smart contracts, makes this a more interesting project than most in my view.
I also like that there is a working platform already.
The team could be strengthened further in terms of of industry diversity.
Overall, looks good!

+2Agree
+2
Disagree
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Alex PapernoICO team member replied on 3 Jul 2018
Thank you, Anders!
Mofassair Hossain
CEO and Founder Perhalic, ICO Advisor, Investor, PR and Marketing Expert
Rated on Jul 3, 2018
3
4
4
4%

team is fill up with developers and community managers. will be great if you take some international advisors on board.
about vision ...
I like the concept. softcap and hard cap is resonable.
Mvp
have mvp already and some market early adoption. best of luck team

+2Agree
-1
-3Disagree
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Alex PapernoICO team member replied on 3 Jul 2018
Thank you, Mofassair!
Timothy Mayeur
Ecom Activator | ICO Advisor
Rated on Jun 30, 2018
3
4
4
3%

Developers and community managers. Would like to see more industry experts and legal advisory in profile though it's great VC backing them has financial sector experience. The raise is small which makes me question why going ICO route vs. doing a Series raise through VCs. Vision is positioned as a noble one although I believe insurance is a symptom of a greater problem that needs addressing.

Agree
0
Disagree
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Daniel Stewart
ICO Analyst - Growth Hacker - ICO Expert
Rated on Jul 23, 2018
4
4
4
3%

I think this is a curious and interesting project. They already have in place an application although I haven't taken a look yet. So no need to waste investors money in the development of a product - rather they will focus on the adaptation and continued improvement upon what they have.

Agree
0
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Harry Tucker
Business Manager - HiveEx
Rated on Jul 13, 2018
2
4
3
2%

Great to see they have a working product already live. However the team doesn't really have any insurance background.

Likewise, while the insurance model is ripe for disruption, it's going to be hard to convince people to invest in people not ruining their products than it is in stocks, property or even crypto.

Agree
0
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Robert Laguna
Operations | Blockchain | Fintech | Startups | Crypto Enthusiast
Rated on Jul 23, 2018
4
4
4
2%

Insurance companies is one thing we can all agree upon, is that we hate dealing with them.

Peer to peer insurance is a tricky aspect, even though the company mentions that insurance licenses may not be required in all jurisdictions, some may give difficulty in operating there.

The idea and concept is good as everything is going peer to peer and taking out the middle man to offer savings.
The team is good, diversifying more members and advisors should be explored.

Having seed capital from a VC is a definite plus along with a MVP and some market use.
Gaining additional market share and expanding on a global scale will take tremendous effort for success.

Agree
0
Disagree
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Benchy
ICO analyzer bot
3.7
13%

Experts are independently and voluntarily contributing to the community. If no expert has rated the ICO, only ICO analyzer's results are used. Always research before investing as these ratings should not be taken as an investing guide of any kind.

Ratings and ICO analyzer results are being updated (re-calculated) every few hours.

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