Founders
A space for founders
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Part of building Mitsukeru in public must also be about talking about how the raise in public is going.
So far, there is a lot of interest (we're about 3.5% of the way sitting in the CEX), there's lots of DM's, there are some questions.
1. This is a hard cap at $350k - no dilutions
2. Tokens are good for trading, but I get the feeling you'll want to hold on to the NFTs
3. The typical amount so far has been $1,000-$5,000 in contributions or commits (and if it exceeds the hard cap before 24h, refunds will be issued)
4. The Ideal Customer Profile includes crypto folk (you can also be a degen), and on another polarising opposite, the elderly (i.e. kid buying for parents). One gets drained, or buys into bundled tokens, but the other ends up entering credit card details into fake Facebook ad-driven shops, or sending lots of money to scams. B2B is hard (long sales cycles), but I have already gotten a few interested parties - again, focus at the start is what gives us runway.
5. Why do this on Farcaster? Because I believe building in public also attracts a crowd, and this helps the flywheel of getting more people here.
6. This has been completely fair, as a launch - keep it on the timeline, and then start contacting folk. So maybe it is going to be an intense 24 hours (doesn't help the Oura says I only got 4h13m of good sleep last night - heavy rain, meant Pumpkin, the dog, was scared and kept on waking us up).
7. This is *your* opportunity, to avoid the gamble or the casino, per se. That's why it's a community round. I learned a lot about this from Gumroad, when they launched (yes, I bought in the max I could buy, at $1,000), and today I'm enjoying yearly dividends as they are profitable.
8. In everything I do, I always want to make sure early believers are treated like gold. This is how I spent time growing the developer and user community at MySQL, and even MariaDB. Because only when you have fans, with some skin in the game, will your product actually succeed.
Building is exhilarating. I'm not sure if its harder to raise from smart money (MySQL), dumb money (been there, done that), or Internet Capital Markets? Only time will tell.
Also, do we like:
- Internet Capital Markets
- Farcaster Capital Markets
- Base Capital Markets
? I have no clue, but I'll be using the terms interchangeably thru the journey. No channels (since Base doesn't support it), and I will definitely be coining some content there too :-) 4 replies
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