An open call to #Bitcoin-only angels and VCs: help us understand how custodial startups implementing full-frontal KYC/AML readily raise 10s of millions, while those building non-custodial products without KYC (for defensible reasons) struggle to get a meeting.
This isn’t an attack. It’s a deep desire to understand, and because if you don’t back those building more than just fiat systems on Bitcoin rails, who will?
you just gave the reason in the question. no KYC, no jurisdictional support, nobody willing to burn their hands 🤷♂️
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