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Met a founder tn of a project I respect a lot. He told me the story of how they got funding in 2021 by contributing meaningfully, and early to a hot sector. Later they received grants and some vc backing too.
Today they’ve built a bunch of cool stuff, and they also have 6 months of runway left.
I don’t think they’ve done anything wrong, he emphasized how much they’ve learned, and how the growth trajectory of crypto has been different than maybe expected.
#1 lesson I’ve learned in crypto: survive.
It’s true for traders, but it’s equally true for companies or protocols. I want to go big and be aggressive, but we are actually being fairly conservative with our capital - at current burn with, 4 FT + 3 PT salaries, service costs we have years of runway. Most importantly we’re earning rev daily.
1 of my biggest fears since I joined FC was simply being too early. Survival is key, we’re laying the groundwork to do something significant here, and I want to make it last. play to win. Survive 16 replies
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