Thread by @rajyaatluri

In the 90s everyone was excited about Dot Com startups.

We’re now entering the era of crypto startups.

I’m doing @a16z’s Crypto Startup School over the next two weeks & sharing my learnings👇

3/14: Setting Up and Scaling a Crypto Company w/ @brian_armstrong

Many of the biggest companies today like @amazon @Google came out of the Dot Com period.

We’re now seeing a new kind of startup, crypto startups, that are focused on sharing value rather than information.

So what is a crypto startup?

A crypto startup is one that uses crypto to either:

a. raise money
b. acquire customers
c. expand internationally

What are the advantages of using crypto for these?

Using crypto to raise money gives you access to a global pool of accredited investors, helps fund contrarian bets, and democratizes fundraising.

Crypto is advantageous when acquiring customers because of the participation incentives and the fact that it aligns incentives for early believers.

International expansion becomes easier with crypto because you can avoid the $$ and time consuming payment integrations and customizations for each country.

With crypto, you have a global user base from the start.

What are some of the disadvantages of crypto startups?

a. lack of legal clarity
b. nascent developer tools

So how do you create a crypto startup?

First, you’ll need to incorporate.

Next you’ll need to choose which securities offerings type make sense, consult w/ counsel, and go out and fundraise.

Then you should go and build an actually great product.

As you’re building you can start thinking about issuing your token.

Next you’ll have to integrate your token into your app as you’re building it.

Launch your product 🚀

Once your product is live, think about submitting it to get it listed on an exchange.

I’d love to connect with others in the crypto space! 🤠

Also, check out @hotcryptogirls for crypto memes from me & @kathrynjc7 💅🏽