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woj ツ
@woj.eth
let's say the only requirement for supercast to have a mobile app and a free plan is $200k in the company bank account what's the best way to obtain the $200k, if: - i don't want to fundraise from VCs - i don't want to take loans - i don't want to launch a token i keep hearing about crypto projects getting more than this in grants but somehow it was never an option for supercast
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ash
@ashmoney.eth
the best way would be through an accelerator program (YC, Alliance, Orange DAO) but that still falls in the VC bucket. highly unlikely to get $200K from a grant unless it's multiple grants (4 to 5). but challenge is each grant will want you to build on their platform so not that feasible.
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woj ツ
@woj.eth
yeah accelerators not applicable since they only want you to funnel to take more vc money in the future
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Kieran Daniels 🎩
@kdaniels.eth
Accelerators don’t control you, you can do whatever you want and say no to any deals. They will take 5-7% that never dilutes though.
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woj ツ
@woj.eth
i never engage in a relationship that is not a win-win
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nicholas 🧨
@nicholas
zapier took YC and never any more vc. i would imagine YC is happy. a good crypto accelerator would be happy to have a share of a solid project, so long as there is an opportunity for them to sell within the lifespan of their fund (10yrs from fund start)
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woj ツ
@woj.eth
yeah if a reputable fund wants to give me $200k on a $10m, but i keep the company as an LLC that is never supposed raise any funding again i'm down to consider we can also add a SAFT to the deal
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Kieran Daniels 🎩
@kdaniels.eth
200k is too small of a goal to scale. No one will take that seriously. Also being anti VC makes zero sense, everything is funded by venture capital and it’s on the founder to be able to navigate that landscape properly to get a supportive deal. But aside form that, with your network you should be able to put together a $500k party round fairly quickly and easily. I dunno your Val but open it to industry angels and and ask for $10k - 50k checks. Give a 20% discount and 2 year vest. Angel rounds are far less about the money than building the squad. Fundraising is a good thing, running from it is a red flag.
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