{"id":548918,"date":"2023-02-07T18:00:00","date_gmt":"2023-02-07T15:00:00","guid":{"rendered":"https:\/\/en.buradabiliyorum.com\/12-tips-to-help-crypto-and-blockchain-companies-win-vc-funding\/"},"modified":"2023-02-07T18:00:00","modified_gmt":"2023-02-07T15:00:00","slug":"12-tips-to-help-crypto-and-blockchain-companies-win-vc-funding","status":"publish","type":"post","link":"https:\/\/buradabiliyorum.com\/en\/12-tips-to-help-crypto-and-blockchain-companies-win-vc-funding\/","title":{"rendered":"# 12 tips to help crypto and blockchain companies win VC funding"},"content":{"rendered":"<div id=\"ez-toc-container\" class=\"ez-toc-v2_0_85 counter-hierarchy ez-toc-counter ez-toc-custom ez-toc-container-direction\">\n<p class=\"ez-toc-title\" style=\"cursor:inherit\">Table of Contents<\/p>\n<label for=\"ez-toc-cssicon-toggle-item-6a3bc002a3590\" class=\"ez-toc-cssicon-toggle-label\"><span class=\"\"><span class=\"eztoc-hide\" style=\"display:none;\">Toggle<\/span><span class=\"ez-toc-icon-toggle-span\"><svg style=\"fill: #dd3333;color:#dd3333\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\" class=\"list-377408\" width=\"20px\" height=\"20px\" viewBox=\"0 0 24 24\" fill=\"none\"><path d=\"M6 6H4v2h2V6zm14 0H8v2h12V6zM4 11h2v2H4v-2zm16 0H8v2h12v-2zM4 16h2v2H4v-2zm16 0H8v2h12v-2z\" fill=\"currentColor\"><\/path><\/svg><svg style=\"fill: #dd3333;color:#dd3333\" class=\"arrow-unsorted-368013\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\" width=\"10px\" height=\"10px\" viewBox=\"0 0 24 24\" version=\"1.2\" baseProfile=\"tiny\"><path d=\"M18.2 9.3l-6.2-6.3-6.2 6.3c-.2.2-.3.4-.3.7s.1.5.3.7c.2.2.4.3.7.3h11c.3 0 .5-.1.7-.3.2-.2.3-.5.3-.7s-.1-.5-.3-.7zM5.8 14.7l6.2 6.3 6.2-6.3c.2-.2.3-.5.3-.7s-.1-.5-.3-.7c-.2-.2-.4-.3-.7-.3h-11c-.3 0-.5.1-.7.3-.2.2-.3.5-.3.7s.1.5.3.7z\"\/><\/svg><\/span><\/span><\/label><input type=\"checkbox\"  id=\"ez-toc-cssicon-toggle-item-6a3bc002a3590\" checked aria-label=\"Toggle\" \/><nav><ul class='ez-toc-list ez-toc-list-level-1 ' ><li class='ez-toc-page-1 ez-toc-heading-level-1'><a class=\"ez-toc-link ez-toc-heading-1\" href=\"https:\/\/buradabiliyorum.com\/en\/12-tips-to-help-crypto-and-blockchain-companies-win-vc-funding\/#%E2%80%9D_12_tips_to_help_crypto_and_blockchain_companies_win_VC_funding_%E2%80%9C\" >&#8221; 12 tips to help crypto and blockchain companies win VC funding &#8220;<\/a><ul class='ez-toc-list-level-2' ><li class='ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-2\" href=\"https:\/\/buradabiliyorum.com\/en\/12-tips-to-help-crypto-and-blockchain-companies-win-vc-funding\/#Ensure_the_first_encounter_with_the_front_end_feels_familiar\" >Ensure the first encounter with the front end feels familiar<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-3\" href=\"https:\/\/buradabiliyorum.com\/en\/12-tips-to-help-crypto-and-blockchain-companies-win-vc-funding\/#Stop_focusing_on_the_tokens\" >Stop focusing on the tokens<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-4\" href=\"https:\/\/buradabiliyorum.com\/en\/12-tips-to-help-crypto-and-blockchain-companies-win-vc-funding\/#Focus_on_delivering_customer_value\" >Focus on delivering customer value<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-5\" href=\"https:\/\/buradabiliyorum.com\/en\/12-tips-to-help-crypto-and-blockchain-companies-win-vc-funding\/#Be_able_to_demonstrate_the_versatility_of_your_solution\" >Be able to demonstrate the versatility of your solution<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-6\" href=\"https:\/\/buradabiliyorum.com\/en\/12-tips-to-help-crypto-and-blockchain-companies-win-vc-funding\/#Prepare_your_deck_and_demos_and_ask_for_a_reasonable_valuation\" >Prepare your deck and demos, and ask for a reasonable valuation<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-7\" href=\"https:\/\/buradabiliyorum.com\/en\/12-tips-to-help-crypto-and-blockchain-companies-win-vc-funding\/#Show_off_your_passion_for_your_project\" >Show off your passion for your project<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-8\" href=\"https:\/\/buradabiliyorum.com\/en\/12-tips-to-help-crypto-and-blockchain-companies-win-vc-funding\/#Ensure_there_are_no_surprises\" >Ensure there are no surprises<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-9\" href=\"https:\/\/buradabiliyorum.com\/en\/12-tips-to-help-crypto-and-blockchain-companies-win-vc-funding\/#Develop_application-specific_solutions\" >Develop application-specific solutions<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-10\" href=\"https:\/\/buradabiliyorum.com\/en\/12-tips-to-help-crypto-and-blockchain-companies-win-vc-funding\/#Demonstrate_strong_fundamentals_and_highlight_Web3s_advantages\" >Demonstrate strong fundamentals and highlight Web3\u2019s advantages<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-11\" href=\"https:\/\/buradabiliyorum.com\/en\/12-tips-to-help-crypto-and-blockchain-companies-win-vc-funding\/#Be_clear_about_potential_risks_and_rewards_and_have_a_plan_for_using_the_funds\" >Be clear about potential risks and rewards and have a plan for using the funds<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-12\" href=\"https:\/\/buradabiliyorum.com\/en\/12-tips-to-help-crypto-and-blockchain-companies-win-vc-funding\/#Dont_give_in_to_fear\" >Don\u2019t give in to fear<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-13\" href=\"https:\/\/buradabiliyorum.com\/en\/12-tips-to-help-crypto-and-blockchain-companies-win-vc-funding\/#Continue_building\" >Continue building<\/a><\/li><\/ul><\/li><\/ul><\/nav><\/div>\n<h1><span class=\"ez-toc-section\" id=\"%E2%80%9D_12_tips_to_help_crypto_and_blockchain_companies_win_VC_funding_%E2%80%9C\"><\/span>&#8221; 12 tips to help crypto and blockchain companies win VC funding &#8220;<span class=\"ez-toc-section-end\"><\/span><\/h1>\n<p><img decoding=\"async\" src=\"https:\/\/images.cointelegraph.com\/images\/840_aHR0cHM6Ly9zMy5jb2ludGVsZWdyYXBoLmNvbS91cGxvYWRzLzIwMjMtMDIvOWJhN2ZlYTgtMDZjOC00N2VmLTkzOGQtYjk0ZDEyN2YzMzJiLmpwZw==.jpg\" \/><\/p>\n<div class=\"post-content\" data-v-4bbf85c5>It\u2019s no secret venture capitalists react to prevailing market conditions when making decisions, and amid global economic uncertainty, entrepreneurs from across industries are finding that VC funds are more difficult to come by these days. This is especially true for crypto and blockchain companies, which have to overcome not only a knowledge barrier but also the lingering fear aroused by recent bad behavior from certain high-profile crypto founders and firms.\u00a0<\/p>\n<p>Crypto pioneers who became accustomed to a free-flowing tap of VC cash during the industry\u2019s early heyday may need to adjust their mindset and <a href=\"https:\/\/buradabiliyorum.com\/en\/category\/download-scripts-themes-apps\/\" data-internallinksmanager029f6b8e52c=\"9\" title=\"Download Scripts &amp; Themes &amp; Apps\" target=\"_blank\" rel=\"noopener\">app<\/a>roach to be successful when seeking funds in the current market. Here, 12 members of Cointelegraph Innovation Circle share tips to help crypto and blockchain companies move forward as VC funds become less generous with their investments.<\/p>\n<h2><span class=\"ez-toc-section\" id=\"Ensure_the_first_encounter_with_the_front_end_feels_familiar\"><\/span>Ensure the first encounter with the front end feels familiar<span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p>We\u2019ve thought through the user flow carefully for our applications and demos, with a testnet behind our first application. Our goal is for users to understand that blockchain-based decentralized applications are simply the next generation of apps, with special properties on the back end \u2014 so their first encounter with the front end must feel familiar. Only then will we go into the block explorer and the code, if they wish. \u2013 Stephanie So,<a rel=\"nofollow noopener\" target=\"_blank\" href=\"http:\/\/geeq.io\/\"> Geeq<\/a><\/p>\n<h2><span class=\"ez-toc-section\" id=\"Stop_focusing_on_the_tokens\"><\/span>Stop focusing on the tokens<span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p>The first thing a crypto or blockchain company needs to do is to stop focusing on the tokens. The main focus, regardless of cycles, should always be on building a high-quality product and the effort to create traction and prove product-market fit. \u2013 Sami Rusani,<a rel=\"nofollow noopener\" target=\"_blank\" href=\"http:\/\/www.samirusani.com\/\"> Rusani Ventures<\/a><\/p>\n<h2><span class=\"ez-toc-section\" id=\"Focus_on_delivering_customer_value\"><\/span>Focus on delivering customer value<span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p>Remember: You\u2019re building a business, not a hype machine. Businesses have revenue, profits, customer acquisition and retention costs, and so on. Understand what real problems you solve, who your customers are, how you\u2019re going to find them and the value you create for them, especially relative to your competition and alternatives (like Web2, fiat and so on). Focus on delivering customer value, and the rest will follow. \u2013 Xinglu Lin,<a rel=\"nofollow noopener\" target=\"_blank\" href=\"http:\/\/fogworks.io\/\"> Fog Works, Inc.<\/a><\/p>\n<h2><span class=\"ez-toc-section\" id=\"Be_able_to_demonstrate_the_versatility_of_your_solution\"><\/span>Be able to demonstrate the versatility of your solution<span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p>As a fund manager, I have found that those who are successful in securing funding do the following: They demonstrate that their solution is versatile enough to pivot into the niche the industry needs the most. For example, my last two investments have been in infrastructure projects focused on improving the Know Your Customer features of gaming and decentralized finance protocols in light of the upcoming regulatory pressure. \u2013 Carlos Gomez,<a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/belobabafund.com\/\"> Belobaba Crypto Fund<\/a><\/p>\n<h2><span class=\"ez-toc-section\" id=\"Prepare_your_deck_and_demos_and_ask_for_a_reasonable_valuation\"><\/span>Prepare your deck and demos, and ask for a reasonable valuation<span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p>Have your ducks in a row. So many crypto founders who were around in the bull market are lazy when it comes to approaching VCs. They don\u2019t have a proper deck. They don\u2019t have product demos. Above all else, don\u2019t ask for a crazy valuation with a long vesting schedule. Crazy and unjustified valuations and long vesting schedules don\u2019t sit well with investors in bear markets. \u2013 Brian D. Evans,<a rel=\"nofollow noopener\" target=\"_blank\" href=\"http:\/\/bde.ventures\/\"> BDE Ventures<\/a><\/p>\n<h2><span class=\"ez-toc-section\" id=\"Show_off_your_passion_for_your_project\"><\/span>Show off your passion for your project<span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p>The best tip I can give a crypto founder who is looking to raise funds at the moment is to show VCs how purpose-driven your project is. I think all of us \u2014 especially investors \u2014 are now looking for honest, inspirational and value-driven projects. Show them your passion and why they should get excited. It\u2019s time to wash away the bad players and focus on those in the ecosystem who are bringing value. \u2013 Ayelet Noff,<a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/slicedbrand.com\/\"> SlicedBrand<\/a><\/p>\n<p class=\"has-black-color has-text-color has-background\" style=\"background-color: #fabf2c;padding: 20px 30px\">Join the community where you can transform the future. Cointelegraph Innovation Circle brings blockchain <a href=\"https:\/\/buradabiliyorum.com\/en\/category\/technology\/\" data-internallinksmanager029f6b8e52c=\"4\" title=\"Technology\" target=\"_blank\" rel=\"noopener\">technology<\/a> leaders together to connect, collaborate and publish.\u00a0<strong><a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/hubs.ly\/Q0152XyT0\">Apply today<\/a><\/strong><\/p>\n<h2><span class=\"ez-toc-section\" id=\"Ensure_there_are_no_surprises\"><\/span>Ensure there are no surprises<span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p>Minimize risk and maximize value. Investors need to know that their money is safer with you than with someone else of apparently \u201cequal\u201d value; the only way to assure them of that is to ensure there are no surprises, no secrets and no tucked-away embarrassments or vulnerabilities. Keep them informed, actually build what you say you will build and update them early and often if circumstances change. \u2013 Budd White,<a rel=\"nofollow noopener\" target=\"_blank\" href=\"http:\/\/tacen.com\/\"> Tacen<\/a><\/p>\n<h2><span class=\"ez-toc-section\" id=\"Develop_application-specific_solutions\"><\/span>Develop application-specific solutions<span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p>While it can be challenging to raise capital while the economy struggles, companies can insulate themselves from <a href=\"https:\/\/buradabiliyorum.com\/en\/category\/general\/\" data-internallinksmanager029f6b8e52c=\"3\" title=\"General\" target=\"_blank\" rel=\"noopener\">general<\/a> market trends by developing application-specific solutions that play an integral role in customers\u2019 businesses, rather than producing general-purpose products that are often the first budget line items on the chopping block. \u2013 Yaoqi Jia,<a rel=\"nofollow noopener\" target=\"_blank\" href=\"http:\/\/altlayer.io\/\"> AltLayer<\/a><\/p>\n<h2><span class=\"ez-toc-section\" id=\"Demonstrate_strong_fundamentals_and_highlight_Web3s_advantages\"><\/span>Demonstrate strong fundamentals and highlight Web3\u2019s advantages<span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p>Crypto companies can be more successful in raising funds by demonstrating strong fundamentals such as traction and efficiency. Additionally, crypto companies can differentiate themselves by highlighting the unique features and potential of the Web3 ecosystem, such as its decentralized nature, transparency and, most importantly, lower customer acquisition cost. \u2013 Erki Koldits, <a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/www.popspot.com\/\">O\u00dc PopSpot<\/a><\/p>\n<h2><span class=\"ez-toc-section\" id=\"Be_clear_about_potential_risks_and_rewards_and_have_a_plan_for_using_the_funds\"><\/span>Be clear about potential risks and rewards and have a plan for using the funds<span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p>To attract investors in a tough market, focus on building a strong business plan and track record, network and build relationships, and stay up to date on industry trends. It\u2019s also important to be transparent and clear about the risks and potential rewards of investing in the company and to have a clear plan for how the funds will be used to grow the business. \u2013 Wolfgang R\u00fcckerl,<a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/entity.global\/\"> ENT Technologies AG<\/a><\/p>\n<h2><span class=\"ez-toc-section\" id=\"Dont_give_in_to_fear\"><\/span>Don\u2019t give in to fear<span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p>The worst thing to do is to subscribe to the fear. Mindset is everything, and if your deep-set belief is that you will not be able to raise funds or that your company may not survive, whether you realize it or not, you\u2019ll be making decisions \u2014 often critical decisions \u2014 with fear as your primary foundation and motivator, which is not good. Instead, keep your head down and focus on what\u2019s important. \u2013 Zain Jaffer,<a rel=\"nofollow noopener\" target=\"_blank\" href=\"http:\/\/www.zain-ventures.com\/\"> Zain Ventures<\/a><\/p>\n<h2><span class=\"ez-toc-section\" id=\"Continue_building\"><\/span>Continue building<span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p>Potential investors are interested in projects that they believe in, so it\u2019s critical for companies to continue to build great products and better services. The market will eventually turn the tide, and the companies that stayed patient and continued to work on building impactful products are the companies that will survive in the long run. \u2013 Anthony Georgiades,<a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/pastel.network\/\"> Pastel Network<\/a><\/p>\n<hr class=\"wp-block-separator\">\n<p><em>This article was published through Cointelegraph Innovation Circle, a vetted organization of senior executives and experts in the blockchain technology industry who are building the future through the power of connections, collaboration and thought leadership. Opinions expressed do not necessarily reflect those of Cointelegraph.<\/em><\/p>\n<p><a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/hubs.ly\/Q0152XyT0\"><em><strong><u>Learn more about Cointelegraph Innovation Circle and see if you qualify to join.<\/u><\/strong><\/em><\/a><\/p>\n<\/div>\n<blockquote><p><strong><span style=\"color: #ff6600;\">If you liked the article, do not forget to share it with your friends. Follow us on\u00a0<span style=\"color: #ff0000;\"><a style=\"color: #ff0000;\" href=\"https:\/\/news.google.com\/publications\/CAAqBwgKMLG0nwswvr63Aw\" target=\"_blank\" rel=\"nofollow noopener noreferrer\">Google News<\/a><\/span>\u00a0too, click on the star and choose us from your favorites.<\/span><\/strong><\/p><\/blockquote>\n<blockquote>\n<p style=\"text-align: center;\">For forums sites go to <span style=\"color: #ff9900;\"><a style=\"color: #ff9900;\" href=\"https:\/\/forum.buradabiliyorum.com\/\" target=\"_blank\" rel=\"noopener\">Forum.BuradaBiliyorum.Com<\/a><\/span><\/strong>\n<\/p><\/blockquote>\n<blockquote>\n<p style=\"text-align: center;\"><strong>If you want to read more <a href=\"https:\/\/buradabiliyorum.com\/en\/category\/news\/\" data-internallinksmanager029f6b8e52c=\"2\" title=\"News\" target=\"_blank\" rel=\"noopener\">News<\/a> articles, you can visit our <span style=\"color: #ff9900;\"><a style=\"color: #ff9900;\" href=\"https:\/\/en.buradabiliyorum.com\/general\/\" target=\"_blank\" rel=\"noopener\">General category.<\/a><\/span><\/strong><\/p>\n<\/blockquote>\n<p><span style=\"color: black;\"><a style=\"color: #ff9900;\" href=\"https:\/\/cointelegraph.com\/innovation-circle\/12-tips-to-help-crypto-and-blockchain-companies-win-vc-funding\" target=\"_blank\" rel=\"noopener\">Source<\/a><\/span><\/p>\n","protected":false},"excerpt":{"rendered":"<p>&#8221; 12 tips to help crypto and blockchain companies win VC funding &#8220; It\u2019s no secret venture capitalists react to prevailing market conditions when making decisions, and amid global economic uncertainty, entrepreneurs from across industries are finding that VC funds are more difficult to come by these days. This is especially true for crypto and&#8230;<\/p>\n","protected":false},"author":1,"featured_media":548919,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"fifu_image_url":"https:\/\/s3.cointelegraph.com\/uploads\/2023-02\/9ba7fea8-06c8-47ef-938d-b94d127f332b.jpg","fifu_image_alt":"","footnotes":""},"categories":[1],"tags":[],"class_list":["post-548918","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-general"],"_links":{"self":[{"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/posts\/548918","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/comments?post=548918"}],"version-history":[{"count":0,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/posts\/548918\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/media\/548919"}],"wp:attachment":[{"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/media?parent=548918"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/categories?post=548918"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/tags?post=548918"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}