Founders

I have major respect for founders who return capital to investors if they realize what they're doing isn't going to work or be venture scale

Will only raise for Bountycaster if we feel confident about venture scale in the future and we need the capital + help to accelerate

Co-founder @bountycaster (bountycaster.xyz). Previously: co-founder of Scalar Capital, product at Coinbase, co-producer @ethereumfilm

For sure, this is when they've tried everything or decided to pursue a business they know isn't venture scale. I've had a number of founders that did this after several years e.g. https://x.com/HarshOnInternet/status/1873565908787998754

Alternative I've seen a lot is founders who know this and use the VC funding to fund their lifestyle

Totally, but also worth acknowledging that every startup doesn’t work until it does.

The only “failure modes” are running out of money or giving up.

So if you have venture scale ambitions, you might as well give it a shot!

Oof that's tough for me to guess but I believe in the majority should not have raised venture funding

Of all crypto founders who raise venture capital what % do you think  should have vs. should not have, roughly

Respect and trust will gain more in the long run