LobsterDAO 🦞

30 Dec 2024 20:11

No matter how much you raised

LobsterDAO 🦞

30 Dec 2024 20:11

Idk maybe that’s a wrong reason

LobsterDAO 🦞

30 Dec 2024 20:10

my first startup i was dirt poor

LobsterDAO 🦞

30 Dec 2024 20:08

Also you can’t be using hype as example because the founder is rich himself

LobsterDAO 🦞

30 Dec 2024 20:08

you support my point here, even if in that case distribution was a bit extreme

LobsterDAO 🦞

30 Dec 2024 20:07

We learned how yearn’s “forever” worked. And every other fair launch

LobsterDAO 🦞

30 Dec 2024 20:06

I think HYPE is best VC-less success story there is

LobsterDAO 🦞

30 Dec 2024 20:03

Which is why there is a chance of building community early using platforms with ICO way and it shown its effeciency this year actually.

LobsterDAO 🦞

30 Dec 2024 20:02

So are angels. And whales. We are all retail. You have good and bad.

LobsterDAO 🦞

30 Dec 2024 20:01

really depends on the project and its size in my opinion

LobsterDAO 🦞

30 Dec 2024 19:59

Anyone have a connect to the cookie.fun guys? looking to do a large-scale collab with Alpaca Network's AI Marketplace

LobsterDAO 🦞

30 Dec 2024 19:57

disagree, newcomers should convince echo group leaders that will lead their name & brand to support them well better than most VCs

LobsterDAO 🦞

30 Dec 2024 19:46

Is it possible to do it yourself then?

LobsterDAO 🦞

30 Dec 2024 19:35

replace that VC with 250 defi-power user that will also bring your first 25-50m$ TVL

LobsterDAO 🦞

30 Dec 2024 19:30

no idea why would you go to VC in early stage, raise from community via echo/legion then if needed use VC as exit liquidity for series A

LobsterDAO 🦞

30 Dec 2024 20:11

20k/month when making less than 5m a year is bearish af

LobsterDAO 🦞

30 Dec 2024 20:11

True true. I guess cause tech jobs opportunities pay a fkload, do the opportunity cost it simply too high

LobsterDAO 🦞

30 Dec 2024 20:10

well in reality you can eat ramen cup noddle for a while until you reach PMF. used to be the norm with founders, crypto somehow convinced everyone you should pay yourself 20k/month as a founder with no user

LobsterDAO 🦞

30 Dec 2024 20:08

And then you are back to VCs or whoever is alive on the market. That’s my point: don’t idolize either group, we are all retail. All good and bad.

LobsterDAO 🦞

30 Dec 2024 20:07

well yearn created a cult that supported them for quite a while

LobsterDAO 🦞

30 Dec 2024 20:07

by airdropping part of supply that normally go to VC they created a cult that will support them forever

LobsterDAO 🦞

30 Dec 2024 20:06

Idk why we are back to the same old discussion. All the arguments FOR and AGAINST are very obvious. Some prefer no distraction during first two years of building, some are okay with volatility and are more degen-native.

LobsterDAO 🦞

30 Dec 2024 20:02

No need to culticize either

LobsterDAO 🦞

30 Dec 2024 20:01

Bruh most of VCs are shit

LobsterDAO 🦞

30 Dec 2024 20:00

ivan check out IMOs (inital model offerings) I'm convinced its the perfect mix (% of top line rev share baked into smart contract)

LobsterDAO 🦞

30 Dec 2024 19:58

We’ve been through fair launch memes, I don’t buy into that. I think the art is mixing all the ingredients up together. No binary approach

LobsterDAO 🦞

30 Dec 2024 19:51

Not realistic advice. You yourself won’t list them on your echo if they are pre-product and/or are not well-known in the industry. So as @TMT0121 said newcomers are better off with VCs because otherwise they wouldn’t even be able to have proper comms to even raise or excite an echo curator - of course that is different to industry veterans. Those don’t even need to make fundraises at all

LobsterDAO 🦞

30 Dec 2024 19:42

Fjord for smaller scale projects.

LobsterDAO 🦞

30 Dec 2024 19:32

Think VCs give good guidance to newbies in the industry that are tech savvy but don't understand tokenomics/valuations/etc

They just gotta hope they don't get cucked by the predatory VCs

LobsterDAO 🦞

30 Dec 2024 19:28

for most of them its normal to ask if they like what they see, nothing personal*. For most of the founders it gets personal because of the rejection.

*- unless you dont let them into preseed and then they act like a gf you just broke up with