$15m raise vs. $150m raise 🤔 https://bsky.social/about/blog/10-24-2024-series-a

Silicon Valley Daily

“Why did team X raise Y at Z whereas team A only raised B at C?”

1. Market, team, product all count but one more than others 

2. Fundraising is a skill, funds raised is an output

Writer. Building @pinatacloud. Tinkering with a Farcaster native alternative to GoodReads: https://readcast.xyz \ https://polluterofminds.com

dwr’s take https://warpcast.com/dwr.eth/0x861bb49a

Co-Founder 

Contact: https://alice.chain.box

Bluesky is more unlikely to launch a token, right? That’s the only logic I can come up with to justify the gaps here.

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Maybe that’s true but you’d need a whole hell of a lot of purchasing power per user to make up for the user gap and the investment gap

I think it comes down to value also and purchasing power of each farcaster user vs bluesky

"This does not change the fact that the Bluesky app and the AT Protocol do not use blockchains or cryptocurrency, and we will not hyperfinancialize the social experience (through tokens, crypto trading, NFTs, etc.)"

"Bluesky’s open technology, the AT Protocol, makes a whole ecosystem of apps possible. We’re excited that developers have already begun building their own applications with totally different purposes from the Bluesky app. For example, Smoke Signal is an events app, Frontpage is a web forum, and Bluecast is an audio app (that includes karaoke with licensed songs)! We hypothesize that monetization strategies like subscriptions, domain-name registrations, and payments to creators will enable these independent apps to grow as well."

$15m raise is more realistic and achievable for startups compared to $150m raise