Jeff
@jeff-xyz
should you raise money with memecoins? No. But if you have no other option…yeah, I guess? But have you explored all options?
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Jeff
@jeff-xyz
If you’re considering, ask yourself: do you actually need capital? And if so, what for? There are so many ways to prove out your MVP before even needing capital. It just takes a little bit more effort and grit. Most skip this and go straight onto clankr or pump (and fail).
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Jeff
@jeff-xyz
If every time you need money for marketing or paying yourself, you’re pulling from the token liquidity pool, that’s not a real plan. You’re draining retail. They want the chart to go up and to the right. Prob prefer to not get dunked on. Just a thought.
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Jeff
@jeff-xyz
Raising with memes is a little misleading. You see market cap or TVL and think, that’s the company’s value. It’s not. That’s just pooled money from retail and a few friends. Not the business.
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Jeff
@jeff-xyz
What revenue are you generating? What are your costs? And is that reflected in your pool? Are you putting $ into the chart at that point? Can any of those initial costs be covered by what you’re already doing? These are obvious questions. Rarely answered upfront.
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Jeff
@jeff-xyz
I’ve been asked “how much should I raise?” Well uh…how much do you need? If you say $2.5M, why? Because another project raised $2.5M? Or because you’ve got a breakdown of exactly how you’ll use it? Show yourself the data. show yourself the financials. You’ll start answering your own q’s.
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Jeff
@jeff-xyz
If you start a liquidity pool you have no control. And for an early stage company, you should have pretty much all control. So, I agree with Dan (shocker). If a memecoin is your only path to raise, then go for it and ggs. Just know it’s hard. You’re basically managing a live chart. It’s not really fundraising, it’s trading.
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Jeff
@jeff-xyz
If you don’t know how to manage that, or handle the time commitment, it’ll eat you alive, and when retail leaves you stranded, you’re only left with a bad rep and empty bag. This approach is constant pressure and takes away from whatever you’re trying to build.
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