Content pfp
Content
@
1 reply
0 recast
2 reactions
Ben pfp
Ben
@benersing
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.
22 replies
0 recast
20 reactions
Cassie Heart pfp
Cassie Heart
@cassie
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)
2 replies
0 recast
3 reactions
ibi patria 🎩πŸ₯· pfp
ibi patria 🎩πŸ₯·
@benclair.eth
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)
1 reply
0 recast
0 reaction
Cyber Shakti πŸŽ©πŸ˜‡πŸ˜ˆπŸ’ƒ pfp
Cyber Shakti πŸŽ©πŸ˜‡πŸ˜ˆπŸ’ƒ
@cybershakti
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
1 reply
0 recast
0 reaction
Joris 🧒 pfp
Joris 🧒
@joris
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 πŸ‘‡πŸ»
1 reply
0 recast
1 reaction
iSpeakNerd πŸ§™β€β™‚οΈ pfp
iSpeakNerd πŸ§™β€β™‚οΈ
@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)
0 reply
0 recast
1 reaction
Alex Palmer pfp
Alex Palmer
@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.
1 reply
0 recast
1 reaction
redawn pfp
redawn
@redawn
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...
0 reply
0 recast
0 reaction
Adam Benayoun pfp
Adam Benayoun
@adamben.eth
Build things people want and charge for them. If they can't get themselves to pay for it - hey don't truely need it.
0 reply
0 recast
0 reaction
᠎ pfp
᠎
@m-j-r.eth
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.
1 reply
0 recast
0 reaction
Rafi pfp
Rafi
@rafi
- More businesses that specialize in narrow domain (eg. Basecamp) - Longer but steady growth - Less moats, more cooperation
0 reply
0 recast
0 reaction
Garrett pfp
Garrett
@garrett
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
0 reply
0 recast
0 reaction
Frederic Montagnon pfp
Frederic Montagnon
@frederic
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.
0 reply
0 recast
1 reaction
Eddie Wharton pfp
Eddie Wharton
@eddie
Service offerings for paid customers (ideally profitable) that are product-izable Not all products have MVP service versions, but good move when possible Charge less than pure service version given upside in retaining IP
0 reply
0 recast
0 reaction
Mo pfp
Mo
@meb
Assuming high growth is measured actual high growth, and not PowerPoint J-curve High growth, positive unit economics, debt works well (if repayments don’t stall free cash flow) Speculative, high capital requirement (think biotech). Not happening without rich founders or corporate sponsors /1
1 reply
0 recast
0 reaction
Alex - chimp.fun πŸ™‰ pfp
Alex - chimp.fun πŸ™‰
@alexk
Great discussion btw 111 $DEGEN
0 reply
0 recast
0 reaction
Alex - chimp.fun πŸ™‰ pfp
Alex - chimp.fun πŸ™‰
@alexk
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
0 reply
0 recast
0 reaction
Moeen pfp
Moeen
@moeen
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
0 reply
0 recast
0 reaction
parseb pfp
parseb
@parseb.eth
with time, process will get inverted and ventures will start from pmf.
0 reply
0 recast
0 reaction
Kartik pfp
Kartik
@ckartik
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.
0 reply
0 recast
0 reaction