I've never been good at asking for help. I'm great at building something useful or pulling diamonds from the ashes of a fire. But building an entire company, building a system that can change the world- that takes a team. And it takes money. I've been successful in my professional tax career, and I've been successful as a real estate investor, but those are small businesses. Now, I need help. I have assembled a team who share my vision. Now I need an angel, who shares that vision, and is looking to build value over time. Building PeaCounts' revolutionary system is easy for me. I can code in my sleep. Finding an Angel who is looking for the long-term investment is proving to be difficult.
Unfortunately, they hype of "getting rich quick" in the Blockchain space has stuck, while more traditional investors have been spooked by the volatility. I am focused on building a sustainable network with global impact over a number of years. With this in mind, I participated in Consensus Singapore last week, thinking that innovation would prevail. What I found was surprising. The investors in China and Singapore I met told me they were looking for a six-month return, and they wanted me to revise PeaCounts to look like we would provide that, whether or not that was realistic. Sure, we could launch a six-month hype cycle, with fake Telegram and Twitter followers lured by free tokens from airdrops and interested only in fast returns. However, this would come at the expense of developing a dedicated community of developers and future users. I see funded protocol platforms holding developer events, but less than 5% of the audience are actual developers. When building a blockchain company, there is a choice you must make early on as to who you will market to. While funding is necessary to build a company, attracting too many speculators scares away the developers and users.
I'm not doing fundraising because I need to hire out building the technology. I can develop our tech stack myself. I have a coding background, and blockchain is essentially database management. I'm focusing on fundraising because in order to build the long term vision, you need a team, each with their own specialty, who don't live on the dream alone. But asking for start-up funds is unfamiliar territory for me.
I have a proven track record of success, whatever I have done. I had no talent for drag racing when I started and went on to win a championship. While it feels easier to go into my comfort zone - migrate to the tech side, hole up, and build it out myself, that isn't fair to the PeaCounts team who have all worked hard and believed in what we are doing for months. I'm a numbers person though, and with the industry now there is a very low possibility of raising the funding we need based on a pitch at a conference. It's uncomfortable to look for an angel investor, but the right thing to do for the company. We need someone who believes in our mission of creating a meritocracy in the employment field, and is not looking for a six-month return. I'm looking for someone who sees the long term play, not the churn-and-burn ICO. I'm open to ideas and flexible on structuring, whatever works to make it happen, and makes everyone involved wealthy and successful.
Please feel free to check out our
whitepaper
and our
code repo
for more tech details, and let me know if you have any suggestions, or if you can, be our angel. Thank you.