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Timestamp: Community rounds for bitcoin companieswww.timestampfinancial.com/
1332 sats \ 10k boost \ 7 comments \ @k00b 25 Sep builders
This is another community raise tool like @muzz's Thunder Funder by DrBitcoinMD. It's pretty serendipitous they both started around the same time.
I was talking to a founder (don't want to doxx) about how it works this morning, but I guess the community supporters buy through a "portal" LLC, then the LLC invests in the company according to section 3(a)(80) of the Securities Exchange Act of 1934 and 4(a)(6) of the Securities Act of 1933.
Early stage founders are having trouble raising as Bitcoin VC liquidity has dried up or moved to AI. Maybe plebs will fund the early stages of the next generation of bitcoin companies. After all, the most common Bitcoin VC (most of whom were never founders or early stage startup employees) advice I see given to early stage bitcoin companies is "don't build for bitcoiners." VCs that are experienced with startups know how much they don't know, focus on finding great builders, and STFU.
Make something bitcoiners want.
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142 sats \ 2 replies \ @AGORA 25 Sep
it's obvious VC will say "don't build for bitcoiners.", they want the masses, they want returns! Builders need to carefully watch out and select wisely when going into that direction.
Something that I've been playing around today was the https://test.angor.io/ it works similar to the big wefunder.com, republic.com etc... look's promising too, pushing stuff out now and then on github.
If Timestamp and Thunder Funder can do as you mentioned using bitcoin that way, they gonna be ahead!
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0 sats \ 1 reply \ @k00b OP 25 Sep
it's obvious VC will say "don't build for bitcoiners.", they want the masses, they want returns!
My point is that it's not the way to get returns on startups. Today's massive companies, once startups, were not originally targeted at "the masses." The largest companies more frequently started by incubating in an interest group that was itself incubating and either:
  1. that interest group grew
  2. the startup grew its own interest group independent of the one it started in
These VC's would've told google to not focus on internet users because 99% of the world is offline.
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177 sats \ 0 replies \ @AGORA 25 Sep
That's why crowdfunding is a much better alternative than VC, true you don't have all the support and advise, still, when you have a small interest group in your side then the "startup" wins, as you said, because tech adoption expand and interested people grow.
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100 sats \ 0 replies \ @Car 25 Sep
I have a talk with Arman that will be posting later this week in this builders territory, where we talk about a lot of this.
I am actually more bullish on these type of platforms making a much bigger impact in the coming years. Also expect to see about a handful more of these similar type of platforms to spring up in the next 24 months.
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222 sats \ 2 replies \ @k00b OP 25 Sep
I still need to print this and pin it up. From one of my earliest VC exchanges before I had raised any money and all these funds started up:
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117 sats \ 1 reply \ @k00b OP 25 Sep
If the average bitcoin VC is bullish on your startup you should probably pivot. They are (and I only mean on average) orange pilled Jim Cramers with enough disposable income to attempt to status jump the torture of being a founder.
You might not be building the right thing the right way for the right people, but if you're any good, they don't know that better than you do.
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0 sats \ 0 replies \ @k00b OP 25 Sep
God bless the good ones. God bless the bad ones too because they at least give good people money by mistake sometimes.
(Boy, I was in ranting mood, wasn't I?)
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