Bitcoinist - Different Ways to Raise Funding For A Bitcoin Startup

[jdebunt]

Starting a company in the Bitcoin world is not that hard these days. All one needs is a good idea, and a proof-of-concept to show this idea is valuable to begin with. But the biggest challenge for most startups is to raise enough funding, as day-to-day operations can be quite costly. Rather than looking for VC funding, there are other alternatives well worth exploring by Bitcoin entrepreneurs.

http://bitcoinist.net/different-ways-to ... n-startup/

[iFixBTCmemoryIssues]

Starting a company in the Bitcoin world is not that hard these days. All one needs is a good idea, and a proof-of-concept to show this idea is valuable to begin with. But the biggest challenge for most startups is to raise enough funding, as day-to-day operations can be quite costly. Rather than looking for VC funding, there are other alternatives well worth exploring by Bitcoin entrepreneurs.

http://bitcoinist.net/different-ways-to ... n-startup/

+ good business plan = good funding.

Banks love business plans, it's like candy to a baby

[JohnSoby]

I dont understand what is the difference to other crowdfunding systems that are not based on BitCoin?

[Vaultoro]

Equity crowd funding is great if you have small tshirt company or a shop idea but if your idea is big then I would think twice because it might put a huge stumbling block in front of your company when going for a bigger A round dow the track.

Big VC's might want the due diligence paperwork of everybody on your cap table wich could be a deal breaker when you can't get the details of everyone in the crowd.

If your crowd are invested in a special purpose vehicle on the cayman islands and that SPV is the single investor in you, it could still raise even more doubts.

Don't get me wrong. I love love love crowd funding especially equity crowdfunding. I just think it is not for everyone.

Creating a start up is really hard work and the choices you make in the beginning could have unseen consequences down the road.