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