Founders

THIS IS NOT A SOLICITATION TO PURCHASE SECURITIES

Hypothetically speaking, would you financially support team Farcookie to build out a full Shopify like social commerce experience?

Again, not a solicitation. Interpret the above vaguely worded cast how you will.

🫡

Explored building a farcaster native VC.

Post idea as bounty, get funded and work on it. First team who succeeds wins money and potential to get more funding from investors. Initial backers get equity.

Here's what @markfishman and I found out and why it doesn't really work like that today... 🧵👇

Interested in human flourishing & social infrastructure | slowly building /firstdraft | markfishman.xyz

Explored building a farcaster native VC.

Post idea as bounty, get funded and work on it. First team who succeeds wins money and potential to get more funding from investors. Initial backers get equity.

Here's what @mark and I found out and why it doesn't really work like that today... 🧵👇

we got together and scoped out the whole system (see attached mindmap)

and it could work technically. Though Mark put it nicely. "Would people invest and see it?"

We went on to ask anyone responding to Bens cast and a few friends on their feedback.

Here's what they said...

Farcaster Development Boutique @ https://dTech.vision 💜 in love with tech 🤓decentralization, fitness and oldschool rap 😎

🍌 @revealcam | playing around onchain: @alfaca @offmarket @perl | vc warm intros | fid #539

They all loved the idea with the builder heavy farcaster community getting opportunities and ideas of the ground via funding though

1) US law makes it insanely hard to do legally
2) if legal US law requires accredited investors or really small investor group
3) like @ace put it "people invest in people, not ideas"

idea matters but not as much unless it is mindblowingly unique.

i’d rather bet on jack dorsey pitching:
“wanna build a fun social app” (general)

than a novice pitching:
“wanna build a web3 sns for sports lovers” (specific)