Oddbean new post about login | logout We did take investment eventually, under our terms.
Accepting venture capital should not be a shameful act. It is undeniable that venture capital plays an important role in the development of Bitcoin.
Depends on terms and your personal preferences
Yes, it also depends on the nature of the project. Hardware projects can make profits through pre-sales and sales in the early stage. Software and program development requires a process of user accumulation in the early stage. As long as nostr and bitcoin can be built better, the more sources of funds the better. However, the early capital investment of all projects is provided by the founders themselves. I paid for the development of freerse by selling my own bitcoins. I am also seeking venture capital and donations from my bitcoin friends and other financial support.
Hardware is the worst, huge upfront cost.
Yes, I have successful experience in both hardware and software projects. The cost of hardware projects in the early sample design stage is controllable. The most expensive stage is the mass production stage, industrial molds and mass production costs. But my previous hardware projects will be pre-sold and crowdfunded after the samples are out. Pre-sales and crowdfunding can recover our mass production costs and profits, but the premise is that we have created hardware products that users like. For software projects, although the initial investment is small, it takes a long time, so the cost of trial and error in the early stage of hardware and software is very high. I like this kind of challenge.