europoooooor

the header from an email sent by my french bank: IPO, an alternative to raising private capital?

building /quidli, casting in /justinahn, daoing in /orange-dao & /purple

Ethereum

yeap, normal route, instead of raising pre-seed, let's ipo like it's 1998

FID 17582 · investor, community builder, content creator · tradfi x web3
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(also, @chaton creator, @base.base.eth swiss ambassador)

chaton

>because we're so crap at VC

tbf, i think this applies well beyond bnp in france, if i may be so bold 😆

perhaps a vc sweet spot more recently at late A or B, but at that point i'd like to think the banks would/should be more happy to step in with other products? 🤷

(and by the way, it makes total sense for BNP to say 'go to our investment banking, because we're so crap at VC, we haven't been able to win and pick a single great early stage deal')

to me it's like saying, why build a rocket when you can invent nuclear physics instead? but maybe it's just me 🤷