For crypto startup teams, the crypto playbook beyond public chain technology and ecosystem support are also important considerations.
The ecosystem support needed for crypto projects includes but is not limited to:
Fundraising, such as early funding aimed at developers or startup teams, growth funding for multi-chain teams, business incubation, TGE, support from exchanges or other liquidity platforms.
Marketing,
Media resources, such as social media, news, podcasts, and blog resources of public chains,
KOL matrix, specifically referring to public chain OGs rather than agencies. 😅
Events, various types of online and offline activities aimed at users, developers, and holders.
Cognition,
Guiding the atmosphere of the public chain community, for example, ETH, SOL, APT, and STRK have completely different atmospheres, which will also affect the methods/processes of doing things.
Evangelizing the ecosystem and technology, understanding the current state of the ecosystem of this chain, future plans, and key support directions, identifying potential opportunities/narratives, and understanding the technology stack/reserves and existing gaps.
For example, what gaps exist in AI, zk, and payment aspects?
Community, user community, developer community, many groups need to be brought in.
Connections, similar to the community, the difference is that there are more one-on-one introductions and endorsements, such as connections with exchanges/VCs/whales.
If Virtuals is the new angel investment
1. The @virtuals_io Genesis Launch has already proven to work for small teams, such as @niyoko_agent, @BasisOS, and @AIxVC_Axelrod.
2. To attract projects with an FDV potential of 1bn - 100bn, it is essential to understand what they need.
A Story from @Jason:
Jason was the third angel investor in Uber, investing $25,000 at a $4 million valuation in 2010, and today his investment return is nearly 50,000 times.
Did Kalanick lack this $25,000? At that time, he had already sold a company and was also doing angel investing. What he valued was Jason's media resources and extensive network:
- The newsletter Inside, founded by Jason for the tech community, has 300,000 subscribers, covering almost all of the venture capital circle at that time.
- How impressive is Jason's network? During his startup, he attracted Fred Wilson's wife, the founder of USV, to be his partner; when Musk wanted to spend $44 billion to acquire Twitter, Jason got his friends to each invest $250,000 to support Musk.
Jason also wrote a book about his experiences, "Angel: How to Invest in Technology Startups."
An example from the Crypto field:
Last year, @calilyliu invited @DrPayFi and @humafinance to transition from the EVM ecosystem to the Solana ecosystem, providing assistance that included:
- Building the PayFi narrative and Huma Finance's influence in the PayFi sector.
- Introducing LPs and various upstream and downstream resources.
- ...
@DrPayFi and @0xErbil are both star entrepreneurs from Web2. Richard sold his company to Facebook, and Erbil is a judge for the Peter Thiel Fellowship (Vitalik was one of the interviewers!).
Do they lack money or VCs? I remember the angel round was at a $40 million valuation.
But Lily Liu and the Solana Foundation can provide them with a Crypto Playbook, which is very valuable assistance for them.
Back to the point, if Virtuals wants to attract projects with the potential to reach 1bn, investing $100,000 (42k $Virtual) at a $5 million valuation, what do these project parties see in Virtuals?
Welcome to discuss.
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