Some suggestions of expanding the funding ecosystem of Nostr. (This is not for OpenSats or Odell, but for all).
1. Explore equity crowdfunding that enable users to own equity of the company. This will speed up early stages and users can help devs grow the business
2. OpenSats to expand individual funding into modular system. Like how designers are funded to assist many devs, also fund PR and comms, marketing etc to assist multiple devs. This are diff modules of a startup to make the outcome more complete.
3. Setup incubation / accelerator : Devs here are not entrepreneurs (yet) and don’t fully understand market penetration, financial plans and growth, user engagements etc (yet). This is common for any tech person who starts a startup. They need different help
4. Fund receivers to provide ROI from time to time based on funding - this will help everyone understand how the funds were maximised. This opens up transparency for both funders like OpenSats and HRF and for fund receivers. And will be an attractive factor for users, angels who want to invest large amount onto devs.
5. There are many types of funding models - anyone can create create this and implement this. To keep yelling at OpenSats is not going to make much diff only because the devs here are plenty and the market is wanting a wider funding ecosystem. Whatever is happening here is natural growth and a good thing.
On a side note :
1. It’s good to expand funding ecosystem. There are no disbenefits.
2. Bootstrap means using profit to reinvest into r&d and at early stages there are little / no profit so it’s a slow slow process. Having funds expedites the build.
3. Break even won’t happen tmr or this year or next year (in case anyone is wondering).
4. Market penetration is important. Nostr has only teased the market and not gone head in.
5. A lot complain why users don’t want to pay for what they build. This is likely because users don’t know what you built or don’t see a value to it.
I once read somewhere that entrepreneurs jump off a cliff and builds a plane on their way down. This is true.
Good luck all !
