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331 sats \ 3 replies \ @AlvaroJSol 14 Jun 2022 freebie \ on: I'm Max Webster, founder of Hivemind Ventures, a Lightning Network seed fund - AMA! bitcoin
We are proud to have Max as one of our investors at IBEX
Max, given the current VC and economic landscape, what advice can you give companies that are scaling in terms of users and TXs but will eventually have to find profitability with their offerings/clients? How do we bridge this gap while competing against the BIG legacy rails?
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At the (pre)seed stage, not much has changed. For companies scaling into their Series As and Bs, I would say have two plans. One for more aggressive growth assuming mission aligned, patient capital is available (which, for now at least, still seems to be the case). But also, it's smart to have a more conservative cockroach plan should we enter a new zone of short term pain. In the long run though, I may be naive, but I'm not too worried. Truly breakthrough ideas with organic, explosive growth will always find a way ;)
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And I'm a proud investor :) The IBEX team is amazing and working on an issue that's particularly close to my heart: LN adoption in LatAm. These guys rock!
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