Fed Disrespecter on Nostr: Maybe you can crowd source some startup funds. If you had a concrete plan to ...
Maybe you can crowd source some startup funds. If you had a concrete plan to effectively scale and address bottlenecks and could put a price on what you needed, then presell a bunch of reasonably discounted product with the goal of using funds upfront for scaling and fulfilling orders within a given timeframe afterwards. A lot like that website kickstarter.
Another idea is you could offer also offer straight payouts to people who wanted to invest. Example: say you need 10,000,000 sats to satisfactorily scale your operation from where it’s at now to 10x monthly production capability (be it equipment, an employee, shop space, bulk input purchases, etc), you could offer terms like “a 2,000,000 sat investment will get a return of 2,200,000 in 6 months” contingent on the 10,000,000 sat total investment being fulfilled within your crowdfunding period (a week or a month or whatever). That way if you get what you need you can use the funds and scale, if it doesn’t get fully funded, you can return the funds. Would be nice if there was a way to escrow them.
I think there is a service called Geyser that does this, may want to look into that and run the crowdfunding through them if the numbers work for you.
I think you have enough attention on nostr to make it happen, it would just boil down to having a well-refined business plan to scale production and it being cost effective for you. So feasibility of the operation and then communicating to potential investors what scaling will make possible in terms of production on the other side. If you are confident in your plant then they will be too and are more likely to invest.
Another idea is you could offer also offer straight payouts to people who wanted to invest. Example: say you need 10,000,000 sats to satisfactorily scale your operation from where it’s at now to 10x monthly production capability (be it equipment, an employee, shop space, bulk input purchases, etc), you could offer terms like “a 2,000,000 sat investment will get a return of 2,200,000 in 6 months” contingent on the 10,000,000 sat total investment being fulfilled within your crowdfunding period (a week or a month or whatever). That way if you get what you need you can use the funds and scale, if it doesn’t get fully funded, you can return the funds. Would be nice if there was a way to escrow them.
I think there is a service called Geyser that does this, may want to look into that and run the crowdfunding through them if the numbers work for you.
I think you have enough attention on nostr to make it happen, it would just boil down to having a well-refined business plan to scale production and it being cost effective for you. So feasibility of the operation and then communicating to potential investors what scaling will make possible in terms of production on the other side. If you are confident in your plant then they will be too and are more likely to invest.