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RE: Steemit Update
If Steem Monsters was able to run a successful crowdfunding campaign, both on Kickstarter and Fundition, why wouldn't that be possible for Steemit? They can easily give out delegations as rewards, which wouldn't have too big of an impact of the Steem price.
Also, won't Steem receive around 20 million USD in funding from Global Blockchain Technologies? Source
Look, I obviously haven't spent that much time thinking about this, it just seems that budget problems are somewhat easy to solve in this day and age.
Yeah.... A small part of me wants to believe that firing 70% of the team was done because they realized they hired the wrong people and the low market cap was just a good excuse.