Bitcoin Forum

How are people successfully doing it? I'm seeing crypto projects everywhere with a lot of funding from VCs.

What does it require other than a great idea?
Keen to hear serious thoughts and opinions on this matter.

Same as if you want VC for anything else. Business plan, market research etc.


Although if you wait 6 months, it could have heated up enough that they'll throw printed paper at you for anything with the word bitcoin in.

I'm more getting at how to get into circles that allow you to network with people who are capable of providing such funding. I imagine they wouldn't have time for emails from people they haven't met before.

Since you'll need a million(billion?) dollar idea to get proper VC funding, maybe go the crowdfunding route?

Tell all your family, friends, friend's friends, coworkers, church goers, barber shop quartet, twitter followers, bingo night players, fuckbook buddies etc to give you some change to get started:

https://www.kickstarter.com/

https://www.indiegogo.com/


Once you get started with your project, who knows what can happen.  Maybe you'll garner some attention by the big boys and get the VC funding you need.

Conferences.

Work hard, be innovative, be diligent, and be honest.

Produce results. Build up contacts.

Don't expect to get funding or investment after couple months.

It primarily relies on networking. You wouldn't easily find VC's who would know about bitcoins. You will have to educate them about it, and pitch a business at the same time.

Being known in the crypto community helps a tremendous amount. Ive had several people approach me about my project and we have not even launched yet. Trust is a major factor in this realm as well.

TO add to my previous post, I also think that if you have a really good idea, then you can also get funding(not VC funding) from members here at bitcointalk.