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3 Economic Rules Every Crypto Start Up Must Obey

Austin Startup

Our pre-money valuation for the seed round is 2 trillion dollars.” There’s a ton of people infusing cryptocurrency and blockchain into traditional businesses and asset classes claiming to have some revolutionary breakthrough when, in fact, the business value proposition is nothing more than, well, bananas.

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What are the most valuable recommendations in order to raise money from VCs connected via Gust?

Gust

One excellent way to do this (with a good bit of help from the experts), is to create a draft business plan using LivePlan from Palo Alto Software. Gust is used by over 1,000 angel investment groups, accelerators, business plan competitions and support programs to manage their applications.

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Valuations 101: Scorecard Valuation Methodology

Gust

This method compares the target company to typical angel-funded startup ventures and adjusts the average valuation of recently funded companies in the region to establish a pre-money valuation of the target. In most regions, the pre-money valuation does not vary significantly from one business sector to another.

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How to Fund a Startup

www.paulgraham.com

Some angel groups charge you money to pitch your idea to them.Needless to say, you should never do this. A big-name VC firm will not screwyou too outrageously, because other founders would avoid them ifword got out. When we got into such a scrape, our investorstook advantage of it in a way that a name-brand VC probably wouldnthave.

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How to Start a Startup

www.paulgraham.com

All you need to know about business to run a startup are commonsense things people knew before there were businessschools, or even universities. If you work your way down the Forbes 400 making an x next to the name of each person with an MBA, youll learn something importantabout business school. Well, it doesnt.

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