🌊 Geyser Fund opens to investors

[magicmicks]

Hey frens,

I'm @Metamick14, ceo & co-founder of geyser.fund.

Geyser is a bitcoin-native crowdfunding platform built on top of Lightning and Nostr. We are on a mission to turn great ideas into reality through community fundraising.

We are looking for mission-aligned investors to join our team now and in the coming months, and are reaching out to see who might be interested to learn more. If you're interested feel free to reach out at mick@geyser.fund, and I can share our deck.

Quick stats:
- In 2023, we became the go-to fundraising platform for Bitcoin creators & a key player in the new creator economy
- Growing 26% MoM since launch &
- On track to reach $100k ARR this year.
- Creator activity is growing 28% MoM
- 45% of our projects are based in regions where fundraising is not available, and 50% of funding is cross continent
- Over $1.2M transacted in value

Strategy:
- We have product market fit. We are now focused on improving retention and increasing revenue.
- We'll be focusing more on selling 'products ideas' on our platform, and enable more marketplace features like Shipping and 'All or nothing' (like kickstarter)
- We're planning to add credit card and stablecoin payments to our platform

Vision:
Crowdfunding is the most basic financial primitive. As we reach profitability, we’ll continue building solutions that help “making ideas happen”

Looking forward to comments and feedback. The deck will be shared to those who reach out by email to mick@geyser.fund.

Best,
Metamick

[icopress]

I'll take a look at your presentation if you send it to me in PM. Maybe it will interest my clients who have a lot of Bitcoins.

• geyser.fund/project/bitlist & https://bitcointalk.org/index.php?topic=5277003.0

By the way, it's much more difficult to launch on Geyser than on Bitcointalk.

[magicmicks]

Thanks, an intro would be great!

In what way is it more difficult to launch on Geyser than Bitcointalk? Always open for suggestions and feedback, appreciate it.

[icopress]

Thanks, an intro would be great!

In what way is it more difficult to launch on Geyser than Bitcointalk? Always open for suggestions and feedback, appreciate it.

LN and Nostr are cool, my good friend from PeachBitcoin is heading in this direction.

But let me explain... in the Bitcoin community there are hundreds of thousands of old school people, those who have seen hundreds of scams and therefore hodl their bitcoins with trepidation and are skeptical of everything new (LN is only good on paper, because in truth the community is not mature yet despite the fact that the industry has been actively developing in this direction for the last two years). So if I were you, I would also think about giving people the opportunity to donate bitcoins not only using LN but also the good old way.

Btw, when launching Bitlist, I encountered the problem that I can't activate a custom payment address until I receive or send some bitcoins to it. Therefore, in my case, a random one was generated, which then linked to the public one ^{[bitlist@geyser.fund]}, although now it seems to me that this problem was on the side of "WalletofSatoshi ".

[magicmicks]

> So if I were you, I would also think about giving people the opportunity to donate bitcoins not only using LN but also the good old way.
 
You CAN already now contribute on Geyser with Bitcoin On-Chain and Lightning.  Which is quite powerful, because an onchain contribution is then swapped over to lightning to be received in lightning by the recepient!

We're also working of enabling contributions in fiat as well.


> I encountered the problem that I can't activate a custom payment address until I receive or send some bitcoins to it.
Your Geyser lightning address should work as soon as your project goes live and is well connected to your WoS or other lightning provider.

thanks for the feedback, and hope this addresses it!

[Vod]

- Over $1.2M transacted in value

Can you prove this?

[magicmicks]

Sure, check out the leaderboard of the most funded projects: https://geyser.fund/leaderboard

That's actually the conservative estimate that's looking at the USD value at the time of each transaction. We transacted 36.1BTC, so that's over $2.5M if you consider the price of bitcoin today.

https://ibb.co/6rc35qm

[Vod]

Sure, check out the leaderboard of the most funded projects: https://geyser.fund/leaderboard
That's actually the conservative estimate that's looking at the USD value at the time of each transaction. We transacted 36.1BTC, so that's over $2.5M if you consider the price of bitcoin today.

Why are you sending me an image when I asked for proof?

A signed message from any address where you transacted any significant amount will suffice.  

(In other words, anyone can claim they are anyone)

[magicmicks]

There is no "Address", we operate a lightning node - all our funding passes on lightning. This is our Lightning node: https://amboss.space/node/0283a2c4416a4803590d46fc104a8df50455c84cb25e9efe494b3ad4739bb5b3f7. But you'll only be able to see Onchain transactions that are swapped over to lightning. This represents around 50% of all value transacted - the other 50% are lightning transactions.

It's not as trivial and transparent as it is with Bitcoin Onchain. The only way I can say to provably show you the amount is by sending you our accounting activity - which is not public because it's lightning. But even then it's not totally trustless.  Happy to do this if you're interested but it's a fair amount of work, so would only make sense if you're interested from an investor standpoint.

[Vod]

There is no "Address", we operate a lightning node - all our funding passes on lightning. This is our Lightning node: https://amboss.space/node/0283a2c4416a4803590d46fc104a8df50455c84cb25e9efe494b3ad4739bb5b3f7. But you'll only be able to see Onchain transactions that are swapped over to lightning. This represents around 50% of all value transacted - the other 50% are lightning transactions.

It's not as trivial and transparent as it is with Bitcoin Onchain. The only way I can say to provably show you the amount is by sending you our accounting activity - which is not public because it's lightning. But even then it's not totally trustless.  Happy to do this if you're interested but it's a fair amount of work, so would only make sense if you're interested from an investor standpoint.

Fair enough.  Thank you for answering and good luck!