Bitcoin As a Startup

Original Presentation of Framework from November 2019
Bitcoin As A Startup

Pre-seed Round (1st Reward Era, 3/1/2009–28/11/2012)

The earliest stage of funding a new company comes so early in the process that it is not generally included among rounds of funding at all. Known as “pre-seed” funding, this stage typically refers to the period in which a company’s founders are first getting their operations off the ground. The most common “pre-seed” funders are the founders themselves, as well as close friends, supporters, and family (Reiff, 2019)

Seed Round (2nd Reward Era, 28/11/2012–9/7/2016)

You can think of the “seed” funding as part of an analogy for planting a tree. This early financial support is ideally the “seed” which will help to grow the business. Given enough revenue and a successful business strategy, as well as the perseverance and dedication of investors, the company will hopefully eventually grow into a “tree.” (Reiff, 2019)

Series A — Optimise (3rd (and Current) Reward Era, 9/7/2016 — May 2020)

Once a business has developed a track record (an established user base, consistent revenue figures, or some other key performance indicator), that company may opt for Series A funding in order to further optimize its user base and product offerings. (Reiff, 2019)

Series B — Build (4th Reward Era, May 2020 — Apr 2024)

Series B rounds are all about taking businesses to the next level, past the development stage. Investors help startups get there by expanding market reach. Companies that have gone through seed and Series A funding rounds have already developed substantial user bases and have proven to investors that they are prepared for success on a larger scale. Series B funding is used to grow the company so that it can meet these levels of demand

Series C — Scale (5th Reward Era, Apr 2024 — Mar 2028)

Businesses that make it to Series C funding sessions are already quite successful. Series C funding is focused on scaling the company, growing as quickly and as successfully as possible. (Reiff, 2019)

Discussion of The Framework on The Total Connector Podcast with Keyvan Davani

IPO (6th Reward Era, Mar 2028 — Feb 2032), and beyond…

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