All they had to do was lay out in a clear manner how putting money in is going to benefit them and the person letting go of their coins. Since they don't seem to find that possible then they're missing a large trick.

It is very exciting and it's very exciting when it matches your expectations. But I think that it still has loopholes for SCAM, because I see the mycelium is still less convincing so that it could have happened...

I will not be investing in this. Rather easy choice as well.

"We have 5% that we can give. Please give us money! If we get $1B you will get 5%. If we get $1k you will get 5%."  ??

A company that knows what they are doing would know that they need to raise X amount of money. And they are willing to give 5% for that or something on that path. Or they could provide convertible notes (since most companies do not want to put a price on shares before evaluation), etc.

It obvious that they want the easiest, safest and more profitable options in the detriment of their inverstors.

I don't like these kind of investments.  There has to be a limit to the number of shares bought, otherwise each person investing is actually pushing down the value for everyone else!

I invested in Neo and Bee and long time ago now, since then I said I wouldn't get involved in any ICOs or bitcoin start ups, so I will be giving this one a miss too.

Good luck to those who do invest though, I really do hope it is successful.

Long time lurker... new registration to post this question.  

Do I have my math right?

5% of the wallet portion of the mycelium venture divided proportionally by the number of BTC raised in this round of funding.

If we accept the maximum 7,500 BTC are paid, then the stake of 1 BTC would be (mycelium wallet value * 0.05)/7500 or elsewise 1BTC =  (0.00000666667 * mycelium wallet value)

If we suppose the wallet is valued at $100mil (no real data here, just a number that has been discussed) then we could value 1BTC investment at $666.67

If the wallet grows to be valued at 1BN, then we go up to $6666.70.  Not much info on how they would grow the business 10x.  

Also, it would require them to sell the wallet to another investor in order to realize this profit.  In this case, I am concerned about the T&C that says they can require investors to sell back the token at ICO price.  Seems insane if I am reading those terms correctly.

Seems like very low upside for a very risky 'investment'.  As others have said, maybe treat this more like a donation to a good cause with a very small chance of ROI.

Also, some say that the token can be traded on the exchanges, but some say not.  Any clarity here?

Am I missing something?

Edit: for perspective, the Facebook purchase of Whatsapp was for $19.1bn.  Biggest deal in history for that kind of thing.  Getting sold off for 1bn is not exactly commonplace.

I'm seeing lots of those who haven't bought from the ETH ICO think this is their golden opportunity. Not to break the excitement but I kinda don't think this is it. 

So we are 'donating' to the wallet only, but our donations go towards other things for the company at whole?

And please stop calling it an 'investment'. You have made it clear that it is a donation.

Don't you think you should?