CEO DAO.vc George Galoyan named top 5 ways to attract crypto | DAO.vc — Announcements
CEO DAO.vc George Galoyan named top 5 ways to attract crypto investment
In 2021, crypto startups attracted a record investment of $25.2 billion! It is more than over 7 previous quarters. As early as the first quarter of 2022, crypto startups managed to raise $9.2 billion which is the record maximum, exceeding the previous record (4th quarter, 2021) by 400 billion dollars.
461 deals with cryptocurrency startups were made since the beginning of the year, which is 60 deals more than in the 4th quarter of 2021. Mega rounds for $100 million also hit the record of 28 over the first quarter of 2022, according to the CBInsights company research.
In short, the crypto industry has money. The question is how to get it.
George Galoyan, investor and founder of the decentralized autonomous venture ecosystem DAO.vc, has earlier raised more than $1.2 million for his own startup. During one of the latest events, he shared 5 proven methods of fundraising with beginning crypto teams:
Product is on top of all. MVP is still the cornerstone of every crypto project. It must be viable, unique, correlate with the market, and solve a specific problem in order to bring profit.
Community is the power! An active, loyal, solvent community must become your token holders and the source of income. Constantly interact with it: news, AMA sessions, giveaways, etc.
Startup Incubators / Accelerators are a good way to not only get financing but also project support from experts. There are entire programs on startup acceleration/incubation for their successful introduction to the market.
Venture funds have constant interest in potentially profitable companies that have already passed the Seed stage. There exist Seed funds focused on investment in early-stage crypto startups.
Grants and Angels. The former are limited and demand MVP, roadmap, and a competent team from you. The latter are often ready to invest even in an idea but can demand a great share of business in return.
The crypto market is a fickle and aggressive environment where freshmen struggle to survive. But let’s quote Einstein: “In the middle of difficulty lies opportunity.”
Everyone has a chance to become a Unicorn! Two things required are a real value and a team with enough competence and powers to introduce it to the audience.
Interested in the topic of crypto startup fundraising? Read the complete article here.
