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Cassie Heart pfp
Cassie Heart
@cassie
This week, Q Inc has changed course with speaking with investors. Given I receive a lot of cold opens from investors on Farcaster, I would like to share that change with everyone publicly, and why. Moving forward, we refuse to even begin conversations with funds who have ever (or intend to) engaged in token warrants. It is clear our values and beliefs are diametrically opposed, and this is a far easier filter to save ourselves the time. It has been a long path to fundraising principally because we are operating from a perspective that as a company collaborating on a fair launched project, we can not and will not do token warrants. Despite being upfront about this, this topic has resulted in a lot of time wasted in talking with crypto funds, because they do not believe equity has a path to return for them, and ultimately decline. This is very telling because if they don't believe the company will be successful what use are the tokens, unless...?
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Cassie Heart pfp
Cassie Heart
@cassie
So, they do not believe it or get it, and I do not have any more time to spend trying to explain how a company can help build a protocol and make money without being a scheme for dumping on retail for revenue. And so they're out, permanently. Don't let the door hit them where the bad thesis split them. But wasted time does not warrant a diatribe, rather a pithy "pick investors that align with your principles", so why this post? Because founders on here should understand what some of the funds are doing, as I and others, who I will keep anonymous, have learned the hard way that "no" is not the worst that can happen.
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Nico Gallardo 🍄 pfp
Nico Gallardo 🍄
@nicnode
thank you for sharing Cassie i couldn’t relate more to this, we’re currently facing similar dilemmas and looking for solutions… im curious, what’s keeping you from just selling the token to the community as a fair launch? e.g. using @juicebox im happy to share an approach we thought about and what we think are pros and cons of doing that all in all, count on me on the crusade to make the industry cypherpunk again
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Nicola Ceornea - ethOS
@nc
How can you do Q and FC at the same time. Do you even sleep?
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ted (not lasso)
@ted
admire you, respect you, love you, support you always in your corner
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Ahahahahahahaha
@king
say the word, queen. we ready.
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memes4airdrop
@wake
✅ cassie ✅ crusade ✅ cypherpunk here for it. deeply, truly admire your integrity and force of will. what a read.
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Tyga
@tyga
I want to say, thanks @cassie for having our backs. The amount of toil and time node runners have invested into running nodes and figuring out this ecosystem... It would piss me off to no end (and kind of does that there are people who would want to do this) to learn that I had to earn my tokens the hard/right way and somebody was allowed to come in, buy a massive bag at discount, and then devalue all of the work node runners have done. And then to try claim they are pro-crypto 🧐 If they want tokens, just run the servers like everyone else. If they believed in the token, it's the same concept as buying a chunk OTC, it is just earning over time... Oh, wait... They aren't here for the network.
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antimo 🎩
@antimofm.eth
I still struggle to believe that any VC would prefer tokens to equity
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ted (not lasso) pfp
ted (not lasso)
@ted
unless…? 💯
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Ivy pfp
Ivy
@ivy
ty for being you 🖤
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Darryl Yeo 🛠️
@darrylyeo
Unfathomably based.
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links 🏴
@links
Thanks for sharing your perspective - it's really valuable for other founders.
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Melissa Burr 🍓
@burrrrrberry
Most powerful statement imo Keep doing you Cassie, I am rooting for you so hard
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Kat
@katwolfie.eth
The queen we need in crypto 👑
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polymutex
@polymutex.eth
Thank you for doing what's right. 🫡
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Petra ⊙
@0xpetra
@federicocarrone @0xtoucan @worthalter are contrarians possibly interested to go against the tide 🤔
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iSpeakNerd 🧙‍♂️
@ispeaknerd.eth
admire your integrity in this busted ass space
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Catch0x22 (Key Opinion Lyncher)
@catch0x22.eth
few realise how big of a problem this is and you're a legend for speaking out preciate u
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Ahahahahahahaha
@king
pretty cheeky these vcs asking for tokens, besides equity which is written in paper, they get an additional $ from the token's potential value. good deal for them, very greedy. considering the potential of Qs tech, they're asking a lot.
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