Founders

Writer. Building @pinatacloud. Working on simple static site hosting https://orbiter.host \ https://polluterofminds.com

Great one thread, man. Thank you for sharing. 

What would have been the implications for automation of such a business that has run manually for so long? I mean, asides the other red flags you spotted during your due diligence. 

And are you considering building a MoR business from ground up?

Last year I almost bought a merchant of record business. The idea was to try to fill the gap left by Stripe’s acquisition of Lemon Squeezy. Quick story time about the complexity of MoR https://x.com/jrfarr/status/1892299467115651207?s=46

If I was ever going to pursue a venture-backed business again (which is unlikely), I’d consider a crypto payments MoR service as one of the top contenders.

If I was ever going to pursue a venture-backed business again (which is unlikely), I’d consider a crypto payments MoR service as one of the top contenders. https://warpcast.com/polluterofminds/0x49975541

Founder, designer, & product guy at /basepaint and /eigenlayer

1. I’m too old and have not had the requisite exits to not be taking a paycheck in the pre-seed/seed stage
2. VC money influences decision-making and changes the way people run businesses (for better and for worse)
3. Can’t run it on the side and until my time at Pinata is up, everything else is a side gig

Aligned with 2 and 3.
Re 1 - I'd go trad VC route if the existing market was big enough (in crypto it isn't). I think a lot about Anu's One Round Wonder, think a 10X off of a 250k-500k round is p doable, so I still think about that as a route.

Aligned with 2 and 3.
Re 1 - I'd go trad VC route if the existing market was big enough (in crypto it isn't). I think a lot about Anu's One Round Wonder, think a 10X off of a 250k-500k round is p doable, so I still think about that as a route.

https://www.workingtheorys.com/p/one-round-wonder

related: https://x.com/karrisaarinen/status/1892648370453545355

ugh, paywalled now. TLDR as I remember it is what I said, "your target revenue needs to be 10x whatever you raise, so look at your business, determine what's feasible and work backwards.