Umami Sensei
@108
Thoughts on bootstrapping and pursuing non-VC funding to build a software startup? Trying to think creatively re fund raising and recognize there are multiple paths to building a company, and all paths don't lead to VCs. Pros and cons?
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Thomas Humphreys
@so
Plenty of avenues to take in crypto: grants, accelerators/incubators, and angels. Big pro: Institutional interest (professional backing) Big con: giving-up large % of equity/tokens; dealing with additional shareholders
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Umami Sensei
@108
How do you distinguish angels from VCs as a source of capital? Eg I like the idea of recruiting smart money angels who are bought into the mission and connected to the culture and the space as a means of maintaining independence and pace of growth.
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Thomas Humphreys
@so
Angels: Entrepreneurial, invest in ideas rather than returns, less focused on diversification VCs: tend to be investment bankers (rarely entrepreneurial), invest to generate returns, diversification is key. That said, angels may set up their own foundation for tax/philanthropic reasons.
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