Founders

I have major respect for founders who return capital to investors if they realize what they're doing isn't going to work or be venture scale

Will only raise for Bountycaster if we feel confident about venture scale in the future and we need the capital + help to accelerate

Co-founder @bountycaster (bountycaster.xyz). Co-producer @ethereumfilm. Previously co-founder of Scalar Capital and product at Coinbase

Totally, but also worth acknowledging that every startup doesn’t work until it does.

The only “failure modes” are running out of money or giving up.

So if you have venture scale ambitions, you might as well give it a shot!

9/10 companies failing is built into the venture model — losses are a feature, not a bug

I think most investors would rather their founders give it a real shot and exhaust all options than give money back early without trying literally everything they can