Funding allows you to build in the wrong direction.
Discussion
speak for yourself Mr humble horse 🐎 😂 😂 😂 when ⚡️ zap for contributions
This resonates very strongly this week
Just because you have capital, doesn’t mean it’s well spent when hunting for product-market-fit
Especially when it could have remained Bitcoin
I am strongly coming to the conclusion that all traction has to be geared towards a paying customer. Period
Your time used to get there is more expendable than Bitcoin
Whilst Bitcoin is best saved and used for things you actually need (food, shelter, clothes, lifestyle tokens)
Risk-reward of Bitcoin when reapplied to innovation financing puts the fiat funded angel/pre-seed/seed/a/b rounds heavily under scrutiny
Learn by doing
Big topic this one. Kill bad ideas quickly remains a great concept. Especially if it can be done cheaply!
"Yo, but what if that 'wrong direction' turns out to be the next big thing? 🤔💭 What’s your take on chasing wild ideas vs. playing it safe? #Innovation #Funding"
Agreed
A good chunk of funding is unfortunately wasted.