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Eric Arsenault
@erico
Despite the early promise, crypto has failed to disrupt early stage financing. If you’re a founder or creator who HAS raised or WILL raise capital, this thread is for you ❤️ 🧵👇 1/4
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Eric Arsenault
@erico
Entire businesses can now be built in a Frame, leveraging existing protocols (Farcaster, Lens) communities ($DEGEN, $BONSAI) and tools (Frames.js) Who's gonna fund Frames, Channels, and silly games that could turn a profit? ⚠️ Many are NOT venture fundable ⚠️ Grants are PAINFUL ⚠️ Tips don’t cut it 2/4
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Eric Arsenault
@erico
Capital formation should be more social, transparent, and meritocratic - while solving issues like this funding gap Today we launch Fundraising Frames via @ventureclub ✅ Raise using any ERC20 ✅ Gate using onchain credentials ✅ Fully transparent and compliant ✅ Live on Farcaster and Lens 3/4
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Eric Arsenault
@erico
To kick things off, we’re raising $50K for @ventureclub via this Frame Special thanks Lens, Hey.xyz @fabric @frames @farcaster for making this possible ❤️ Which app / founder would you like to see funded via Frames? Nominate them below! Next raise coming soon. https://venture-club-frame.netlify.app 4/4
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sand.base.eth
@sandman
Isn’t raising funds like this illegal in the US? Crowdfunding? PS: nominating myself for raising funds this way :P
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Eric Arsenault
@erico
It’s a 506c raise, so there are limitations on who can invest. The frame is a non custodial escrow, the investment can only be finalized after KYC and accreditation check
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parseb
@parseb.eth
....so; what's the point of it if only americans that already have access to traditional opportunities ca use it? Social media shilling?
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