Author

Topic: Ways to make friends with Venture Capitalists? (Read 1671 times)

sr. member
Activity: 252
Merit: 250
September 16, 2014, 12:34:40 AM
#10
They usually are within your network.

A friend of a friend works at somewhere thats super close with that VP.

Reach into your network, I know 2 people one of my highschool classmates has a relative thats up in top important person for AirnB that got funded by a VP firm etc.

All it takes is a $5 starbucks and catching up etc.
legendary
Activity: 1106
Merit: 1005
September 13, 2014, 02:52:34 PM
#9
Pitch a mone making idea, do your research and show me how I will profit by investing in you....

Requirements:
working product
proven demand (pre selling your product works)
proven profitability (how many units have you sold and what are your profits)
proven trustworthiness
willing to give up control

meet those pre requisites and contact me with your proposal

good luck preselling miners now that BFL, Blackarrow and others have given many people nightmares with their scams.

mining manufacturers should not take pre-orders, but in order to make miners you need to have a lot of cash.

it's nearly impossible to start a new mining manufacturer unless you have a lot of money or maybe a lot of experience in creating computer hardware.

the demand is there though (only for direct-delivery of competitive hardware)
full member
Activity: 139
Merit: 100
You could try your hand at a crowd-funding site like BTCJam (for example) and start off with a few reputation building loans and gradually scale your way up from there but odds are great you won't be able to raise that kinda fundage on any crowd-funding site unless you manage to get some pretty serious chip-design talent on board with your entire concept imho.

https://btcjam.com/?r=f4cc5176-9f3b-4154-820a-2e4a4138da1c&utm_source=referral_url&utm_campaign=user_referral

Thank you for suggesting the website  Smiley
I know there are a lot of hurdles along the way. I've already started to fiddle around with my concept in code,
so I have to see how it'll perform on FPGA. Might take a few months but I'll save the advice.
legendary
Activity: 1610
Merit: 1000
Well hello there!
You could try your hand at a crowd-funding site like BTCJam (for example) and start off with a few reputation building loans and gradually scale your way up from there but odds are great you won't be able to raise that kinda fundage on any crowd-funding site unless you manage to get some pretty serious chip-design talent on board with your entire concept imho.

https://btcjam.com/?r=f4cc5176-9f3b-4154-820a-2e4a4138da1c&utm_source=referral_url&utm_campaign=user_referral
full member
Activity: 139
Merit: 100
Move this pathetic topic somewhere else, Plese  Grin Grin Grin Grin Grin The kiddo find out about btc yesterday probably  Tongue


With all due respect, I came to Bitcointalk for an inquiry and I've known about bitcoin for quite a while. I was merely interested in garnering an idea as to the possibilities of raising capital and gaining the trust of other members in the community. I did not come here to be insulted for asking a simple question. I have difficulty understanding if you truly mean what you say or are just joking around.

So if you'd please allow me to gather the information I've been supplied with these kinds of frivolous opinions, I would thank you most kindly.
legendary
Activity: 1344
Merit: 1024
Mine at Jonny's Pool
Pitch a mone making idea, do your research and show me how I will profit by investing in you....

Requirements:
working product
proven demand (pre selling your product works)
proven profitability (how many units have you sold and what are your profits)
proven trustworthiness
willing to give up control

meet those pre requisites and contact me with your proposal
Good luck with the majority of that since the OP asked about getting venture capital for founding his own ASIC chip manufacturing company.

To the OP - To make it in the chip game you're either going to have to revolutionize current tech (like produce a 28nm chip that uses very low power per GH/s) or jump onto the bleeding edge with a 14nm design.
grn
sr. member
Activity: 357
Merit: 252
Pitch a mone making idea, do your research and show me how I will profit by investing in you....

Requirements:
working product
proven demand (pre selling your product works)
proven profitability (how many units have you sold and what are your profits)
proven trustworthiness
willing to give up control

meet those pre requisites and contact me with your proposal
sr. member
Activity: 428
Merit: 250
BitcoinEvo [$XBTE]
Move this pathetic topic somewhere else, Plese  Grin Grin Grin Grin Grin The kiddo find out about btc yesterday probably  Tongue
full member
Activity: 210
Merit: 100
★☆★ 777Coin - The Exciting Bitco
Ever since I saw ASIC companies sprouting up, I've always wanted to found my own mining chip company.
Unfortunately, I've also been aware of the many hurdles of doing that, one of which being capital.
How exactly did companies like Hashfast, Avalon, Butterfly Labs ( atrocious ), make friends with venture capitalists or get the massive sums of money necessary to start manufacturing?
And how did they avoid the distrust that plagues the community?
pre-orders

Could go on and on about the long sordid history of BFL screwing people over.  Basically it seem's the days of pre-order based bitcoin manufacturing startups is basically over.  You have huge multi-million dollar companies like KnC and BitFury that have basically stepped the game up alot.  Companies like Better F*(@#ing Lie will die out over the next year or two I suspect.

Specifically in the case of BFL they essentially rode on the proverbial coat-tails of their early investors that went through the same BS with their FPGA miners but they where ultimately profitable so the real initial seed money for BFL came from those fella's I suspect.
full member
Activity: 139
Merit: 100
Ever since I saw ASIC companies sprouting up, I've always wanted to found my own mining chip company.
Unfortunately, I've also been aware of the many hurdles of doing that, one of which being capital.
How exactly did companies like Hashfast, Avalon, Butterfly Labs ( atrocious ), make friends with venture capitalists or get the massive sums of money necessary to start manufacturing?
And how did they avoid the distrust that plagues the community?
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