building /fairmint 👉 fairmint.com 

Help founders keep their cap table clean with investment roll up! Bundling investors into 1 line on the cap table 🚀

& it reminds me of the pre-covid, Boost VC Tribe 13 @fairmint with @thibauld 🚀🚀🚀

fairmint

Good morning, San Francisco! 🌁

Karl the fog is always so welcoming 😅

I’ll be around this week, so feel free to ping me if you’re in the area, I’d love to catch up or grab a coffee. 

Let’s make things happen! 🚀

If you're in SF this week, @joris is in town!

When it comes to executing equity investments, it's hard to beat the ease of using stablecoins... both from the investor perspective and the founder perspective! 
😌 💰

Fairmint banner updated!
Long live the new /fairmint channel 🤗

equity

A great article from 2013 from Scott Kupor guest posting on @pmarca 's blog. Scott Kupor has a compelling argument that the progressive reduction of the "tick size" (the minimum increment in which stock prices can trade) has had a profound negative impact on small cap IPOs.

This argument makes sense: the tick size of a stock should be inversely correlated to its liquidity.
* The more liquid the stock, the smaller you want the tick size -> higher price definition, favoring retail investors and HFT.
* For less liquid stocks, you want a larger tick size -> more interesting for market makers to trade the stock and increase its liquidity.

Once we put equity onchain, we have programmable equity (cc @fairmint 🔥 ) and markets where the tick size could be a function of the liquidity.

What is sure is that innovation in that field will come from the private market. Public markets are way too regulated to welcome any innovation at this stage.
https://marcstaging.wordpress.com/2013/03/26/unshackle-the-middle-class/

Founders

How to find a great co-founder?

I was asked to give this presentation a bit more than 10 years ago... and I think it aged pretty well! 
https://slideframe.replit.app/QmX7xdH2DHZdjYxmYy98grAPzb6ZT5doCRfpaxXbVxaLGz

Shoutout to @0xshash for slideframe 🔥

As part of my "boosted casts" series, I wanted to give a big hat off to my co-founder, @joris (follow him!).

Choosing your co-founder is the most impactful decision you can make that can make or break your company. @fairmint is my 3rd startup (🦖 ), so I learned the hard way a thing or two about choosing co-founders :) 

In this thread, I'll share some stories of my previous ventures, from a co-founder perspective and why I am very happy - even 5 years in - to work with @joris everyday 🤗 

I am also recasting this post for those who wonder, "How to find a great co-founder?" 👇

The best way to bundle your investors into 1 line on your cap table & streamline your fundraising. Checkout https://fairmint.com to simplify your fundraising.

As part of my "boosted casts" series, I wanted to give a big hat off to my co-founder, @joris (follow him!).

Choosing your co-founder is the most impactful decision you can make that can make or break your company. @fairmint is my 3rd startup (🦖 ), so I learned the hard way a thing or two about choosing co-founders :) 

In this thread, I'll share some stories of my previous ventures, from a co-founder perspective and why I am very happy - even 5 years in - to work with @joris everyday 🤗 

I am also recasting this post for those who wonder, "How to find a great co-founder?" 👇 
https://warpcast.com/thibauld/0xab070819

co-founder at fairmint.com.
If you're a FF (Farcaster Founder) raising funds, stop right here and checkout fairmint.com. Or DC me :)

Working full-time in crypto since 2016, I started my 3rd startup at 38: @fairmint 🔥 

For Fairmint, we teamed up with @joris, a previous entrepreneur with scars and crazy stories. We knew each other from France and knew what we wanted and did not want.

Before teaming up, we went on a one-week retreat in Connecticut to ensure we were aligned and complementary: What is our non-bullshit story in every detail? What lessons did we learn? How do we like to work? What motivates us? What do we expect from Fairmint (which had no name at the time)? How are our strengths complementary? What are our core values, and are they compatible?

After spending a full week in the same place, we knew we were a good team and decided to go for it 💪 

It's now been 5 years of ups and downs, of hard decisions, of hard talks but also of laughter, of jokes, of many coffees (no beers at Fairmint... only coffee!) and we're still here, growing and strong, focused on the mission 🚀

A great co-founder 🤗

Fairmint streamlines fundraising and cap table management, saving founders time and money with seamless funding round closures and automated cap table management. Backed by Fairmint TA, an SEC-registered Transfer Agent, it ensures compliance from incorporation to IPO, simplifying the journey to liquidity with trust and efficiency.

That's it. That's the cast 😄

Fairmint's "official" blurb 👇 

If any of you guys is thinking about fundraising and you're planning to onboard angels (as many as you want).
Hit us up!

Absolutely! 
Tokenizing equity is a dead end because equity lives on cap tables that are offchain, in private databases (at best!). The right to make onchain equity work is to actually put the entire ecosystem onchain: investors, issuers... and cap tables 🚀

Creating a customized S-1 application for tokens is an interesting direction (at least the SEC is proposing something) but it seems totally inapplicable just by the mere fact that S-1s require SEC approval. Even worse: this implies that all tokens would be treated as securities... which is both false and wrong. 

The first step for the SEC should rather be to create an exemption framework to enshrine the concept of progressive decentralization allowing builders of decentralized networks to *compliantly* issue value accruing non-security tokens once their network is sufficiently decentralized.
https://x.com/TheBlock__/status/1830855705005363509

The idea voiced by the SEC commissioner to create customized S-1 forms for tokens seems not only unapplicable but it also fails to address the real issue when it comes to issuing tokens.

The idea voiced by the SEC commissioner to create customized S-1 forms for tokens seems not only unapplicable but it also fails to address the real issue when it comes to issuing tokens.
https://warpcast.com/thibauld/0xfbb7a338

August has been the best month on record for @fairmint 🔥 🚀 

If you're fundraising right now, check Fairmint out! We have the perfect solution to streamline all your angel investments.

I am completely biased but if you're fundraising without Fairmint at this point, you're leaving money—and a LOT of time—on the table.

If you're in an early stage crypto company, a post-money SAFE+ Token Warrant has become the default for early stage fundraising 💰

GM to all the founders labour on Labour Day 🤗 💪

It may be the middle of August but builders keep building! 💪

We’d never ask people to use a tool we wouldn’t use ourselves :) 
Read more here:

We’d never ask people to use a tool we wouldn’t use ourselves :) 
Read more here: https://blog.fairmint.com/we-raised-7-3-million-in-our-sleep-now-your-startup-can-too-965a7e7e0534

building degencast.wtf /degencast . ex-bitmain, binance

Chiang Mai, Mueang Chiang Mai District, Chiang Mai, Thailand

One of Fairmint's most-loved feature: Personalized investment links for investors.
Tailor your fundraising by:
* Setting specific investment amounts
* Offering pro-rata rights or warrants selectively
* Requiring manual reviews or ID verification
* Seamlessly guiding investors from signing docs to funding your crypto wallet or bank.

Just send the link and let Fairmint work its magic!