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Financial market This year’s crash had a particular impact on the Web3 industry. Web3 companies are the newest members of the fintech ecosystem, and the current downturn marks the first major “blow” to the industry.
Fundraising can be very challenging in times like these, and is an important lifeline for web3 companies looking to weather this downturn. The main difference between Web3 companies and their counterparts in established industries is the latter’s acceptance of cryptocurrencies (as opposed to just fiat) as a form of investment. This gives Web 3 deals the opportunity to close quickly.
Still, to get those deals on the table, there are several strategies that Web3 companies can and should take from their ancestors. In the end, it’s a delicate balance of weighing the different fundraising options available and knowing which practices to adopt or avoid along the way.
Don’t treat traditional VCs as investment and networking opportunities.
Explore all your sources
When looking for funding sources, start small and work your way up. Find individual accredited investors in the crypto space.
Many angel investors bought a lot of Ethereum when it was under $100 and it went up to $4,500. These investors are already convinced; Every $10,000 invested in Ethereum is eventually worth $450,000. That said, do your due diligence and research investors and VCs.
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