π Revolutionizing project & VC management:
@springdotnet
From token distribution to fundraising, we're the all-in-one solution trusted by 100+ companies including Animoca and Ronin π₯
Ready to streamline your operations? Visit to apply for access today!
Investment communities will disrupt traditional VCs. And they're closing in faster than people realize.
I dived into what the 6 remaining challenges are π
πwe founded
@presailcom
to eliminate the operational pain of having and trying to scale a community-led VC.
That means you no longer have to use Spreadsheets, Google Forms, blockchain explorers, Disperse, support channels, or OTC spreadsheets for hours on end.
In Q1 weβre launching whatβs been our secret project π€« An OTC marketplace. You will be able to trade, list and sell your allocation to other members π
The community-led VC movement is maturing a lot faster than people realize.
1. We have customers now who get into the same rounds with A16Z, Paradigm, and Accel.
2. When we launched Presail KYC a year ago, people hated it. Now, most use it. It's happening. One step at a time.
Castrum is happy to announce the partnership with
@presailcom
, and hopes this collaboration will open new gates for both! Presail automatically reconciles every investor, project, sheet, and form - eliminating tons of manual work for investment communities.
#Crypto
#Blockchain
In 2021 83.4K tokens rug pulled. In 2022 113.6K tokens rug pulled.
Over 1.9 million investors have lost money to token scams.
Presail will take an opinionated and strong position to combat this. How? With what we're launching next year, it will become much more apparent.
Comparison of what founders look for vs. what VCs think founders look for π§
This is extremely bullish for investment communities as they don't rely on LPs, and can target vision and niches more effectively than classic VCs.
There is a lack of good information on how to access the presale space.
If you Google it, you're told to "become an influencer" or "hang out in elite communities."
Okay, I'll just get 100,000 followers and call Vitalik about his next dinner party. Thanks.
40.91% of the investment groups we surveyed don't allow OTC.
Why? The overall complexity and the time-consuming process of having to deal with it
We're solving that with our new features next year π«‘
The investment communities are likely to outperform traditional VCs in the long run. Having a large community with genuinely interested and committed people invested in your project will be more valuable than the name of a well-known VC.
Community VCs have imported ~500 past investments into Presail in the last month
Big win for the investment community space, as investors can see them from the investor portal π±
According to our survey on the presale space:
73,68% of investment groups are still actively investing.
84,21% think they'll invest more next year.
80% of the groups' owners invested alongside their members in 2022.
Bullish.
We have a saying at Presail.
"If you trade on Binance, you're too late."
People learn about presales the hard way after buying a token at the top, thinking they're early.
We dived deeper into what goes down before a token launch.
We're getting closer to publishing the annual "State of Presales" report.
We surveyed tons of investment communities, and got a lot of great insights and interesting thoughts on the ecosystem. You're going to love this.
Update on
@presailcom
:
User profiles are getting a huge lift. Making it easier for individual investors to manage different wallets, socials, and other info required by community VCs.
ETA ~ 1 week π
VCs are ripe for disruption. Don't believe me?
In your next meeting with a VC, ask them: "why should I choose you over another fund?"
95% will be startled and unable to give you a proper answer. They are NGMI.
Presail has officially partnered with Elliptic π€
Investment groups will be able to screen wallets in real time, protect their business from financial crime, and comply with regulatory AML requirements.
Wallet screening will be live early February π«‘
FIY market sentiment in web 3.0 early stage:
$ invested in presales has grown 3 weeks in a row, after a down period, going back to what we saw in ~ April π
Had a great chat yesterday with
@thepresaleclub
. Their effort to help democratize investments in Spain and Latin America is impressive. Here's to moving the space forward together! π»
Oh God, what have I done? It's been 24 hours, and I'm deep in the rabbit hole of mid-century modern π₯² don't tell me the Eames lounge chair isn't a vibe, though π₯
The investment communities that will stand out as the space grow bigger are the ones that focus on the important aspect of giving quality service and support to their members.
Let's take a look at the everyday challenges community members face.
Thread π
Announcing: Rollups
Retroactively clean your cap table
Rollups allow companies to convert many SAFEs all at once without needing to chase signatures during an equity round.
Excited to say Presail powered SubQuery's $5M fundraise that was filled in 2 hoursπ₯
Our team has been working around the clock for the past few weeks. More to come π
Presail now works with in-app browsers from Telegram and Discord πΈ
This has been a problem since we started. And as 95% of our customers use those - it's been a problem.
All creds go to our CTO for working on this the last weeks π₯
We asked investment groups if they think presales will get more regulated next year.
MiCA (Regulation of Markets in Crypto-assets), the EU's framework for regulating crypto assets in the EU, is on its way and will change how Web3 companies can operate.
Our first-ever report on investment groups and the presale space is out β΅οΈπ
We're opening our doors and sharing our data, showing you the developments month after month through the most insane year in crypto's history.
@elonmusk
the X API v2.0 is bugged; nowhere can you get profile_banner from the API anymore. It's supposed to be on user.fields
pls fix sir I own a Tesla and like spaceX as well etc.
Welcome to all the DAO tooling startups that are now pivoting into Presail and booking demos with us under pseudonyms!
We love you all & let's push the space forward! π₯
Building a network is essential for anyone who wants to succeed in this space π€
Joining an investment community can be the way to go. Expand your network, become better at due diligence, and get access to early-stage investment opportunities.
The community-led VC movement is maturing a lot faster than people realize.
1. We have customers now who get into the same rounds with A16Z, Paradigm, and Accel.
2. When we launched Presail KYC a year ago, people hated it. Now, most use it.
It's happening. One step at a time.
Metamask is ripe for disruption. Extremely unreliable, poor documentation, and horrible product prioritization.
Sincerely, every dev team that has to interact with it.
What happened in Web3 last week:
- Spotify started testing Web3 wallet integration.
- Coinbase is building its own Ethereum layer-2 network called βBaseβ.
- Energy Giant Saudi Aramco Signs Agreement With DroppGroup to Build Web3 Tech.
It's been 14 years since Satoshi Nakamoto introduced the Bitcoin white paper. It's crazy how we still don't know who's behind it all.
Let's take a look at the most known theories!
π¨ What happened in web3 last week:
- YouTube appoints Web3-friendly executive as new CEO
- Napster acquires NFT marketplace Mint Songs to integrate web3 technology into their platform and offer exclusive artist collectibles to fans
Luna in May. Celsius in June. FTXΒ in November.
β
2022 was crazy.
How did that affect the presale space?
We're showing you the developments month after month through the most insane year in crypto's history.
What happened in Web 3 yesterday? π§
- Facebook-parent Meta plans to lay off another 10,000 employees.
- OpenAI Announces GPT-4 Language Model.
- MetaMask resolves a privacy issue that linked accounts.
- Deaton Prepares to Fight for SEC vs. Ripple Caseβs Clarity From Courts.
What happened in Web3 last week:
- Ebay expands into NFT and web3 space with new job openings
- Musk says Twitter payment is going to use Fiat. But crypto can be implemented later
- Appleβs mixed reality headset due to be announced soon is rumoured to have a $3,000 price tag
We just hired our lead front-end developer. A full UI revamp and improved UX has been worked on behind-the-scenes in the last months by design & product.
You should start seeing improvements being rolled out at a high pace a couple of weeks from now π
In December, Presail will make KYC available to all customers, regardless of your plan. And shift it from opt-in to opt-out.
KYC now also contains adverse media screening, free of charge.
An important step to onboard the next million users into the space.
MH Ventures participated in the seed round for
@BuidlersTribe
, a distributed incubator for web3 startups.
Buidlers Tribe is an incubator that works with founders/startups from the idea/proof-of-concept/MVP stage to grow companies.
What happened in Web3 today:
-
@binance
registers as virtual asset service in Poland
-
#Bitcoin
surpasses
@jpmorgan
in market value
-
#Dogecoin
carbon emissions down by 25% following
@elonmusk
collab
- Crypto lender Genesis preparing to file for bankruptcy
Thorough due diligence is the key to any successful investment.
That's one of many things investment communities will help you with. DuckDAO said it perfectly:
The $TRIBAL presale is now open for pre-registration β οΈ
π π
Get KYC done ahead of the launch date and beat the rush πββοΈ
Sale goes live at 16.20 UTC on Monday 25th March β°οΈ
@presailcom
x
@TriballyGames
Investment communities are about giving ordinary people access to an asset class they've never been able to partake in. The private market. In web 3, the private market is pre-sales.
Average annual returns in the private market are 10.48%.
The S&P 500 returned 5.91%.
What happened in Web3 today:
-
@binance
burns $600M BNB in 22nd burn event
- According to
@CoinDesk
, 1 in 3 members of Congress got cash from FTX's donations
-
@HashKey_Capital
raises $500M for Web3 Fund
-
@BankofAmerica
says CBDCs and stablecoins could revolutionize money
Update: you can now see our pricing before scheduling a demo π
I hate companies that don't show pricing. For the longest time,
@presailcom
was a part of that club.
To all the indie hackers who are mindblown by Typeform's pricing and that people pay for it: it's called value-based pricing, and you should check it out!
What happened in web3 this week:
- Bored Ape Yacht Clubβs βGolden Keyβ NFT Sells For $1.6M
- Redeem Raises $2.5 Million to Simplify NFT Transactions via Phone Numbers
- Japan Gets Its Own βMetaverse Economic Zone,β With Help From Fujitsu
We're moving our content strategy away from written over to video & voiceπ
Learnings:
β Writing sucks for retail
β Writing sucks for blue ocean products
β Video beats writing on brand building
I did this with an email at BrΓΈdboksen. I called 200K Norwegian people Bjarne by mistake. I then sent a follow-up email saying, "Hi not-Bjarne, sorry about that"
The whole office was laughing as the Norwegian PR ecosystem called it a "brilliant planned campaign"π«‘
Become an expert in one hyper-specific niche.
- Music NFTs
- Social Clubs
- Yield Farming
- Generative Art
- Layer 2
Build a community around the one you are most fascinated by. Once you have the community, turn it into an investment community.
NEW: πΊπΈBlackRock just filed with the SEC to launch tokenisation fund.
BlackRock CEO Larry Fink: ββ¦the next step is the tokenisation of financial assets, and that means every stock, every bondβ¦β
- A new report from DappRadar revealed that during the first month of 2023, blockchain gaming made up 48% of all DApp activity.
- Aston Martin enters the metaverse and launches 2,582 piece AM-Vantage NFTs.
- MetaMask now supports Layer-2 networks Optimism And Arbitrum.
An article we keep coming back to internally is "Product strategy means saying no" and the importance of not becoming a feature factory.
Shipping fast and shipping features are two different things entirely.
I had a great time discussing how
@springdotnet
is revolutionizing the Web3 space and helping investment groups scale their businesses. Check out the full episode to learn more!
In the podcast, we delved into how Presail acts as an operating system for investment groups,
According to our survey, 18.20% of investment groups still distribute tokens to their members by manually transferring.
That's a time-consuming process every investment group in Web3 should automate.
Read the full report here:
One of the biggest mistakes (most) DAOs make is completely disregarding corporate governance.
The best solution is somewhere in between disregarding and replicating.
what if we move away from a % of the amount invested for investment communities and go over to a recurring membership fee model?
Communities get stable income, can spend longer on due diligence & are forced to interact and engage with the community to maintain membershipsπ§
Update for
@presailcom
users:
OTC v1 is live π₯ this feature makes it effortless to swap allocations between different users on Presail, while having complete oversight over all OTC trades made in a deal.
We are just getting started π₯
For anyone new to crypto and interested in investing in early-stage projects, joining an investment community is the way to go. Meet like-minded people, become better at due diligence, and get access to a steady deal flow. We dived deeper into the topic:
Three things need to happen for community VCs to cross the chasm:
1. Trust in the platform and the communities theyβve joined.
2. Fiat-on-ramp and off-ramp are available.
3. Regulatory clarity & people are easily able to pay and report tax
One day after announcing it, we already have a huge waitlist (2 months) for clients wanting to use the first-ever OTC marketplace for pre-launched tokens.
We're excited to launch it in closed beta tomorrow π₯
LFG π§ DM, and I'll get your application