Anyone else feeling properly excited right now?
It was a long bear market. Crazy speculation isn't always great... but sometimes it's just fun being excited about new things
📣 Let's Talk About /DAOs 📣
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I just ran a short 4 week angel round (⏰) with funds now received 🚀.
It was intentionally small ($115k received; $140k subscribed) but I still wanted to share stats and learnings to other /founders in case it's helpful:
📊 Angel Round Stats:
- 96 warm introductions
- 54 non-responders
- 21 rejections (8 immediate; 13 post-call)
- 8 ghosted us
- 8 couldn't hit our timeline
- 5 hard commits
- 4 angels funded
✅ The Good:
- 4 weeks meant we can get back to building
- 'Warm introductions' are the way
- Super smart Web3 angels (e.g. CowSwap & Brickken)
- 50% of backers were from traditional finance
- A transparent process with weekly investor emails creating FOMO
❎ To improve:
- Under estimated how macro uncertainty can impact commitments
- Over focused on traditional finance; they see risks everywhere
- Confusion around investor docs slowed things down
I'd love feedback from other builders as we'll be pivoting our Stablecoin yield and non-custodial risk platform to Web3 VC in Q3'24 🔥
📣 Let's Talk About /DAOs 📣
The weekly space to talk about DAOs and the /daos Farcaster channel
🕰️ Wednesday at 10AM Pacific
04/16: https://x.com/i/spaces/1zqKVjzolzPKB
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📣 Let's Talk About Daos 📣
The weekly space for DAO people to talk and share news!
Thursdays at 9AM Pacific
Jan/22: https://x.com/i/spaces/1OwxWNNLXbnJQ
Back again for our regular Thursday /daos chat
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I've been quiet lately as I've been building something new 👀
My cofounder and I are experimenting with bringing DeFi to normie CEOs & businesses.
Abstracting away all the crypto via Privy etc. Then letting them access our world, but as simply as if it was a banking app
Raised starter funds so wish us luck 🚀
I like these points @ferran . A more succinct version of what a couple of us have raised on our Thursday weekly /daos chats
Keep these 🌶️ takes coming 🔥
📣 Let's Talk About /daos 📣
The weekly space for DAO people to talk and share news!
Thursdays at 9AM Pacific
01/15: https://x.com/i/spaces/1mnxeApXogPxX
Back again after the reunion last Thursday
➡️ To join the DC group: DM me
➡️ DM @thethriller for a recurring g-cal invite