A step-by-step guide to #crypto fundraising!
Looking for #funding is challenging. We structured the process for your clarity.🧵
Steps:
1. Legal requirements
2. Fundraising plan
3. Story
4. Reach out
➡️ bit.ly/3kE6uIa
Looking for #funding is challenging. We structured the process for your clarity.🧵
Steps:
1. Legal requirements
2. Fundraising plan
3. Story
4. Reach out
➡️ bit.ly/3kE6uIa
This is part 1 of 3 of the fundraising series!
We'll later discuss
- Methods of raising funds in web3
- Tips and tricks for web3 fundraising by @PoolsideCo
Subscribe to our Blog not to miss the rest.
➡️ blog.poolside.co
We'll later discuss
- Methods of raising funds in web3
- Tips and tricks for web3 fundraising by @PoolsideCo
Subscribe to our Blog not to miss the rest.
➡️ blog.poolside.co
Let us start by stating that fundraising is hard.
However, it can still be done!
Every month hundreds of web3 start-ups still raise capital, according to @CryptoRank_io.
How to be one of them, you ask?
However, it can still be done!
Every month hundreds of web3 start-ups still raise capital, according to @CryptoRank_io.
How to be one of them, you ask?
1️⃣ Understand the legal base
• choose a jurisdiction & corporate structure
• determine which entity is conducting the fundraising & who can participate (KYC/AML)
Tip: ensure that your token does not qualify as a security!
Helpful resources 👇
• choose a jurisdiction & corporate structure
• determine which entity is conducting the fundraising & who can participate (KYC/AML)
Tip: ensure that your token does not qualify as a security!
Helpful resources 👇
https://twitter.com/PoolsideCo/status/1626232696572887045
2️⃣ Define your fundraising plan & method.
Product statuses, business models & profitability widely differ among each organization, and personal connections make all the difference too.
Determine how much money you need to raise and at what valuation (let the market decide).
Product statuses, business models & profitability widely differ among each organization, and personal connections make all the difference too.
Determine how much money you need to raise and at what valuation (let the market decide).
3️⃣ Sell your story & vision with proper materials in place.
Essentials:
• website
• pitch deck
• whitepaper explaining your project
• lightpaper summarizing the whitepaper
Craft them well - the first impression is all you may have to convince the investors.
Essentials:
• website
• pitch deck
• whitepaper explaining your project
• lightpaper summarizing the whitepaper
Craft them well - the first impression is all you may have to convince the investors.
4️⃣ Reach out to investors.
It can take months to close your fundraising round, so be prepared.
Bet on the warm contact. Use your personal network, and invest in expanding your company’s reach, e.x. by going to #Web3 events.
It can take months to close your fundraising round, so be prepared.
Bet on the warm contact. Use your personal network, and invest in expanding your company’s reach, e.x. by going to #Web3 events.
Pro-tip ✅
While doing these steps well will get you to close your fundraising deal, it’s important to know that it will always be a difficult process.
Join #PoolsideDAO to seek fellow founders' advice. 🧘🏻♂️🧘🏻♀️
While doing these steps well will get you to close your fundraising deal, it’s important to know that it will always be a difficult process.
Join #PoolsideDAO to seek fellow founders' advice. 🧘🏻♂️🧘🏻♀️
https://twitter.com/PoolsideCo/status/1630200094455635969
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