Ben - [C/x] on Warpcast

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Ben - [C/x] pfp

Imagine VC doesnt exist. No one is financing high risk, high growth early stage ventures. Pure white space. What would the optimal system/process look like? What wouldn't be included? $degen and / or $warps for most thoughtful contributions.

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Cassie Heart pfp

Since my round isn't closed yet and commits are landing very slowly, I've been having to do the pure white space option. As a moonshot, this is extremely hard. But, it's been: - self funding - organic community growth - avoiding distraction as much as possible - sacrificing all personal life (some I can't get back)

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Alex Palmer pfp

@thatalexpalmer.eth

Well… VC has been optimised for outlier outcomes, which has pushed the expectations towards more outlandish goals. It’d be silly to say that VC as-it-used-to-be is extinct… but it’s kinda close? As we must deal with reality, crypto has the best shot of replacing it. It just needs more experience.

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Joris 🧢 pfp

Cash from the 1st shareholders to incorporate, Rush to revenue, no fundraising distraction, hire and sell, Focus on closing deals, secure payments, grants, tax credit, cash is your permanent focus. 1/2 👇🏻

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Rafi pfp

- More businesses that specialize in narrow domain (eg. Basecamp) - Longer but steady growth - Less moats, more cooperation

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KMac🍌 ⏩ ツ pfp

KMac🍌 ⏩ ツ

We are trying. We are trying. Revnet.eth.limo/about

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Garrett pfp

A portion of taxes are put into a pool and everyone can submit a proposal for funding; proposers have to gain signatures to get into the primary then the primary winners go on the final ballot. This is done every year and the people decide what proposals get funded

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𒂠_𒍣𒅀_𒊑 pfp

𒂠_𒍣𒅀_𒊑

there'd be a standard grant for the initial proofs of concept (like https://warpcast.com/m-j-r.eth/0x1e571623), as well as a probationary cascade for consecutive failures in the case of blue skies research. someone's who's repeatedly failed should falsify new guesses to a greater degree.

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max ↑🎩 pfp

@baseddesigner.eth

We can crowdfund or angel invest as a community. Also DAOs. Crypto opens up many possibilities for funding.

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ibi patria 🎩🥷 pfp

ibi patria 🎩🥷

Crowdsourcing, where the role of experts is research, analysis and advisory. VCs are creatures of a regulated environment to prevent scams at the expense of market efficiency (through information asymmetry)

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Cyber Shakti 🎩😇😈💃 pfp

Cyber Shakti 🎩😇😈💃

Always built a solid business model/framework that is revenue first - that way incase you don't get external funding you know your target business goals and milestones on your way to profitability! Bootstrapping grindset

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Frederic Montagnon pfp

Frederic Montagnon

What you're describing is exactly what the crypto ecosystem was like until 2015, and the ecosystem was effectively self-funded without VCs through ICOs and a very small community that was getting richer from an appreciating Bitcoin.

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iSpeakNerd 🧙‍♂️ pfp

iSpeakNerd 🧙‍♂️

@ispeaknerd.eth

regular funding streams (biz rev/creator subscriptions) is good & steady, allows freedom to experiment/create but for starting large lump sum is most impactful (creator investment, VC) as shown by studies bc allows receiver to allocate in most impactful way, rather than most secure way (covering the bases)

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Alex - chimp.fun 🙉 pfp

Alex - chimp.fun 🙉

I think founders would prioritize bootstrapping or covering pmf quicker Shorter feed back loops and experimenting even more Once you have business proven you get business loans to expand

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Moeen pfp

It’s kindda what we’re doing, still no VC or Angels in our seed round, 1. Continue building and delivering 2. Growing organically 3. Meeting more people 4. Creating new connections

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Kartik pfp

harder lock in of capital as a culture. Too much short term liquidity of private startups make long term profitability irrelevant. We saw this with ICOs in the first hype cycle. I don’t know how you’d enforce, feels like a free market thing in general. You could potential have lock in covenants in your term sheet.

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Adam Benayoun pfp

Build things people want and charge for them. If they can't get themselves to pay for it - hey don't truely need it.

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Boris Mann pfp

“No one is funding” basically says the category doesn’t exist. High growth comes from capital availability, otherwise you grow within your earned revenue only. And at a certain stage might be able to access debt.

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0xqeew pfp

Family Friends Angel investors..huh ?

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redawn pfp

Isn't VC an outgrowth of government funding for high risk tech? If no one doesn't include government funding, I'm approaching funding via govt grants... It's 'free' money if you can hold your end of the bargain. My current approach: + Bootstrapping + AI first It's just slow...

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