Samuel ツ
@samuellhuber.eth
Explored building a farcaster native VC. Post idea as bounty, get funded and work on it. First team who succeeds wins money and potential to get more funding from investors. Initial backers get equity. Here's what @mark and I found out and why it doesn't really work like that today... 🧵👇
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Samuel ツ
@samuellhuber.eth
we got together and scoped out the whole system (see attached mindmap) and it could work technically. Though Mark put it nicely. "Would people invest and see it?" We went on to ask anyone responding to Bens cast and a few friends on their feedback. Here's what they said...
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Samuel ツ
@samuellhuber.eth
They all loved the idea with the builder heavy farcaster community getting opportunities and ideas of the ground via funding though 1) US law makes it insanely hard to do legally 2) if legal US law requires accredited investors or really small investor group 3) like @ace put it "people invest in people, not ideas"
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Thibauld
@thibauld
Hey Samuel 👋 Bouncing on your thread, I would be happy to let builders Fairmint to raise funds compliantly. Feel free to try it for yourself (https://fairmint.com) to get a feel of the experience, it's completely free for traditional fundraising (SAFEs etc...).
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Samuel ツ
@samuellhuber.eth
that looks awesome! could one gauge interest via say /fabric crowdfund build the thing and if the team wants to continue leverage fairmint after? how would that be for internationals? is it US only?
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