Topic: Frustration with Investors- Why is it so hard to take Bitcoin mainstream? - page 3. (Read 4608 times)

what do you do with the investors money??

I really like Bob Dylan, but I don't think that he is going to help us out... So what do the investors say? Why are they so afraid of putting money into this?

Defining a legal status is an essential step towards bitcoin's future. There are probably lots of investors, speculators and merchants that are afraid of using Bitcoin because, legally, it is a grey area. The recent "Wikipedia case" made me think that people won't believe in Bitcoin if governments do not recognize it.

How many roads must a man walk down,
before you call him a man?
How many seas must a white dove fly,
before she sleeps in the sand?
And how many times must a cannon ball fly,
before they're forever banned?

The answer my friend is blowing in the wind,
the answer is blowing in the wind.

How many years can a mountain exist,
before it is washed to the sea?
How many years can some people exist,
before they're allowed to be free?
And how many times can a man turn his head,
and pretend that he just doesn't see?

The answer my friend is blowing in the wind,
the answer is blowing in the wind.

How many times must a man look up,
before he sees the sky?
And how many ears must one man have,
before he can hear people cry ?
And how many deaths will it take till we know,
that too many people have died?

The answer my friend is blowing in the wind,
the answer is blowing in the wind.

The answer my friend is blowing in the wind,
the answer is blowing in the wind

......  up next The List

As I sit here in the SoHo House in lower Manhattan, I cant help but express some frustration in taking Bitcoin and its economy more mainstream. A prospective investor just left, and I'm finishing up a seed round of funding. Although I've done this before with my other companies, the ratio of prospective investors to actual investors is much higher here than in any other industry, which means I have to meet more investors than I would for another type of business. Previously, If I had met 10 investors, at least 2-3 would invest, but with Bitcoin that number is much higher.

I've come to a realization that I'm not just pitching my company, but rather pitching the whole industry of Bitcoin. Not only that, but most time spent on meetings IS explaining, pitching, and trying to have them understand why Bitcoin will become (investing with me, of course) a multi billion dollar industry.

My initial obstacles was explaining how this would grow, how can we use Bitcoin in the mainstream world? Obviously as a merchant solution the answer is simple and Bitcoin is very appealing to adult entertainment sites, gambling and eventually larger retailers.

Right, Growth. Thats the key word.

So I prepare documents and business models and explain how much Bitcoin will make, how much it has made and its mistakes and how the community has fixed them. I have to explain the MtGox hack, the mybitcoin disappearance and the legal battles we all face.

There are 'riskier' investors, and I've already secured and signed with them, but why does that have to be? Is it because Bitcoin is so new that alot of my question remain unanswered?

The point of this post is yes to voice my frustrations, but at the same time I consider this community to be shareholders in my company because your thoughts, ideas, and voices are what make up Bitcoin. You guys have been here since the beginning and no what will, and what will not work.

With that said, I was hoping to get the following out of this post:
1. Some feedback of my thoughts.
2. Advice/Tips for my next investor meeting.
3. Overall ideas of HOW you guys see Bitcoin breaking into the mainstream market.

Thanks for reading 

-Charlie