Start-Up Funding

[WillyAp]

I’m the sole developer on my team, I work alongside three partners who primarily focus on securing funding. Unfortunately, our fundraising efforts haven't been as successful as anticipated, prompting me to take matters into my own hands.

I think your partners are kind of ballast. If those partners are there to find funds and cannot do that you should get new partners who can. No one in its right mind will jump on board with 3 partners who said they would but won't in the end. I know I wouldn't.

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[RichCoinNFT]

Hey guys,

first of all I love the enthusiasm in this whole community and that this a supportive and non-toxic thread. Actually Im in the same position as you OP. I have the same concerns as you regarding stealing the idea or going public with the risk of failure. Thats also the reason why I am completly alone with my project. I had contact with an investor and we also met and had a good talk but as he doesnt answer me anymore he doesnt seem any more interested. I launched my ICO yesterday and of course no one has participated yet but this does not throw me back and all you guys encourage me in this opinion.

I tried reaching out to you OP with a direct message but you dont have the option for private messaging enabled. Maybe we can talk about our projects and help each other in some way. I would be very happy about that

For anyone who is interested in my project: I dont even want you to invest in the ICO, but I would be very very thankful if you just read the whitepaper and give me an honest opinion what you think about the project. That means everything to me because I put much work in the thought behind it.
The whitepaper can be found here: https://richcoinnft.com/assets/Whitepaper-RichCoinNFT.pdf

Thank you and have a good one
Luca

[bettercrypto]

This is really doubtful, not because you are young. But because you are new to this forum and have been here for less than a month, you have only participated in 4 posts in the discussion on this platform.

      It's okay if you've been here for a long time on this forum platform, other communities here can believe you. Then what you are still looking for is to fund you, this is probably where you fell and were not supported and believed by the majority of the community here.

[RichCoinNFT]

This is really doubtful, not because you are young. But because you are new to this forum and have been here for less than a month, you have only participated in 4 posts in the discussion on this platform.

      It's okay if you've been here for a long time on this forum platform, other communities here can believe you. Then what you are still looking for is to fund you, this is probably where you fell and were not supported and believed by the majority of the community here.

But dont people have to start somewhere? I understand what you mean with having trust etc, but I think it is not a good reason to only trust someone because of credibility as it is to not trust someone because of no credibility. Even if your post was not addressed to me.

[terrific]

Join crowdfunding, angel investors, and start up groups in different social medias. Usually that's where you'll get these interested people to know what you're working at.
If you'll post in here, you'll unlikely to get these interested people.
But be careful where you'll pitch your start up and ideas because you'll never know who you're talking with and they might take chance of not investing on you but doing it on their own.

[RichCoinNFT]

Do you have any particular groups/platforms in mind?

[macson]

As a young and passionate cryptocurrency enthusiast, I'm committed to developing innovative applications aligned with Satoshi's true vision. However, my age sometimes leads people to underestimate me, which only fuels my motivation to prove them wrong. At this stage, I'm looking for more talented individuals to join our team and help bring this project to life.

Regarding funding, I'm seeking suggestions for funding a new project in its early stages. We currently have seven prototype versions, and I'm working on the eighth. I've been working tirelessly to explain the project's concepts in plain English and back them up with detailed mathematical documentation. If you have any funding suggestions or know of someone who might be helpful, please let me know.

Thanks,

TWD

In the past, there were many ways for poor projects to get funding and the most common ways were IEO, ICO and STO, but all of that is no longer effective because the majority of crypto projects that did all three are dead and not being developed anymore and that deters investors.

even though you are still young ^{(according to your confession)} the best way now is to your own capital or you ^{(together with your team)} can collect the money that each of you earns so that you all  are more serious about developing your product.

[goldkingcoiner]

Hey all,

I'm new to the Bitcoin Talk forum, and I hope it's alright for me to ask a few questions. I've been exploring the DeFi space for a while now, and have come across numerous innovative ideas that I've been working on for quite some time. I'm sure many of you have gone through a similar process, and you know it's not easy. Despite the challenges and occasional market setbacks, I remain optimistic and determined. After carefully crafting business plans, prototypes, and technical documents, I've assembled a group of talented individuals to help me build out these ideas. So far, things have gone well, but now we're at the funding stage. I'm well aware of the competition, but my determination to create decentralized interoperability solutions drives me to outpace the big-player exchanges.

As a young and passionate cryptocurrency enthusiast, I'm committed to developing innovative applications aligned with Satoshi's true vision. However, my age sometimes leads people to underestimate me, which only fuels my motivation to prove them wrong. At this stage, I'm looking for more talented individuals to join our team and help bring this project to life.

Regarding funding, I'm seeking suggestions for funding a new project in its early stages. We currently have seven prototype versions, and I'm working on the eighth. I've been working tirelessly to explain the project's concepts in plain English and back them up with detailed mathematical documentation. If you have any funding suggestions or know of someone who might be helpful, please let me know.

Thanks,

TWD

Hello and welcome to the Bitcointalk forum! I hope you will become a valuable member of our community! You will find that Bitcointalk is the perfect place to look for investors as well as valuable and knowledgeable and experienced team members.

As far as your funding question goes, I think it should be said that unless you have something of substance that you can show us, I doubt anyone will be interested in investing their time or their money into your project.

A whitepaper/documentation is only second to your Minimal Viable Product. So show us that your concept works and has some kind of potential. Your MVP does not have to be amazing or fully functional, but it does need to have the "skeleton" of your product. Something gives proof that you spent a lot of time working on it.

Keep in mind that many Bitcointalkers are very wary of scammers and frauds. So convincing us will be difficult, yet rewarding. Do not expect our trust upfront.
 

[virasog]

Regarding funding, I'm seeking suggestions for funding a new project in its early stages. We currently have seven prototype versions, and I'm working on the eighth. I've been working tirelessly to explain the project's concepts in plain English and back them up with detailed mathematical documentation. If you have any funding suggestions or know of someone who might be helpful, please let me know.

First of all, you need to mention why do you need to fund your project in an early stage when you have only developed its prototype and there is no final working product ready 

I have no doubt on our intentions but based on previous experiences and crowdfunding of projects, there are many examples where people do not have any working project and their only intention is to collect money from the investors and then run away. Even if the project owners does not run away, they never give any proper attention to their project.

Due to these reasons, it's very hard to trust newbies who come up with an appeal of start up funds. Although not everyone is not same but without seeing the actual end product, it's a total risk and gamble to invest in the project.

[ARCADIA-OG]

Thanks for everyone's opinions. Is very valuable getting updated points of view rooted in the current state of crypto fundraising because it changes with every new cycle.

Every community needs to support those who are getting in, young or not, blockchain will never be something obvious in almost any regard but the best ideas usually come from from that obliviousness.

I don't know why even scammers take the effort to come with a "real product". You can just mint a meme coin, go DEX, pay some bots, and rug pull, not wasting more than 50 bucks in each step.

Is the people trying to do something different that have it hard, and that's good for the industry to weed out weak ideas, but pretty rough on us the founders; By definition, each of us are bootstrapping something that ultimately benefit more people as a whole, than ourselves.

Founders could be margining those obvious pumps and dumps in such meme coins with the proverbial $20 buck AI, but no, let go to this 1st generation crypto forum to scam some ultravetarans.

I think the attractive and the intention of coming here for help, in this web3 era, is precisely hoping to get validation and support upon such experience.

But yeah, fellow founders, you have to communicate what you are doing. If is that easy to copy then it was probably already done somewhere. If is that revolutionary and you don't have the team then you will be taken over before or after launch.

And if the problem is only money, and you are so sure of your thing, then take a loan for startups. I can't do that for regulation but if you can, you definitely should.

[robelneo]

And if the problem is only money, and you are so sure of your thing, then take a loan for startups. I can't do that for regulation but if you can, you definitely should.

OP based on his writing has good intentions but we don't know who he is and what he is really capable of unless he shows us a link to his past projects or he shows us his true identity so people can find out if he deserves funding.

A lot of people here cannot be swayed by flowery words to get them funded without showing anything, we have seen and read so many inspiring and innovative words and ideas by so-called developers who are actually scammers.
 
The line is very thin for a scammer and a good developer when it comes to presenting their project base.

I support your idea to take a loan since this is a start-up project, build your portfolio until your portfolio speaks for you.

[bettercrypto]

This is really doubtful, not because you are young. But because you are new to this forum and have been here for less than a month, you have only participated in 4 posts in the discussion on this platform.

      It's okay if you've been here for a long time on this forum platform, other communities here can believe you. Then what you are still looking for is to fund you, this is probably where you fell and were not supported and believed by the majority of the community here.

But dont people have to start somewhere? I understand what you mean with having trust etc, but I think it is not a good reason to only trust someone because of credibility as it is to not trust someone because of no credibility. Even if your post was not addressed to me.

I am not referring to you, but to Op, the author who created this topic. He is asking for suggestions on what is best to do with what is start-up funding to look like a project here in crypto

       Of course, when it's new like that, it's hard to trust immediately, especially when it comes to collecting funds. Now, if this Op is really determined, he can try the old ways that were done during 2017 crowdfunding, we don't even know if that style will still work but it still depends on the roadmap and team that will do it of course.

[smyslov]

For anyone who is interested in my project: I dont even want you to invest in the ICO, but I would be very very thankful if you just read the whitepaper and give me an honest opinion what you think about the project. That means everything to me because I put much work in the thought behind it.
The whitepaper can be found here: https://richcoinnft.com/assets/Whitepaper-RichCoinNFT.pdf

Thank you and have a good one
Luca

If you want to collaborate with OP you should do so by dropping your telegram handle if you cannot send him a private message, or ask him to send you a message for collaboration and not post your own project and the whole information to steal the announcement of OP, you can create your own announcement to invite people to look at your project, its quite unethical to invite people to look on your project using other member's thread.