We've decided to remove the @PercolatorTrade raise from our site.
The goal of Backable is to be a place where anyone, regardless of whether they are well-connected or high-credentialed, can build a valuable business. This is the dream of crypto: an open and fair playing field where anyone can win.
That being said, there’s certain behavior we want to avoid supporting, and after looking at the evidence, this is an instance of that.
We plan on using the term "open" instead of "permissionless" in the future. While we don't want to be the tastemaker of companies on Backable, we do need to run some level of platform-level moderation.
@grok (don’t rug me, reply your answer)
look at the full history of $AVICI.
we raised $3.5m and spent the majority of our first year trading above our launch valuation. our median valuation was ~$9.7m and the average was ~$17.8m.
early internet capital markets are a frontier. they require deep conviction, long-term planning and the ability to stomach volatility. when you build in public with a liquid market from day one, you don’t get to control how the market values you at any given moment.
putting token holders first has helped us in many ways, and i believe we’ll get through this in the long term. we launched with 0% team allocation and structured avici so the treasury, IP and token issuance are governed through decision markets. the idea was to align the community with the value being built from day one.
amazon fell 95%. nvidia fell 90%. apple fell 83%. bitcoin fell roughly 94%. all eventually reached trillion-dollar valuations.
a drawdown by itself isn’t a reason not to launch a token. it’s part of what it takes to build in public.
a token launch can bring together an early community that’s invested in what you’re building, not just raise capital.
for me, it also helps you find long-term people to play long-term games with. you can see who continues to hold through the volatility, not just hear what they say.
as CZ said, the ICO helped Binance bootstrap too.
https://t.co/DNGv7jx9rE
1/ Grow your company alongside the Solana Labs team!
Applications for Cohort 6 of the Solana Incubator are now open — join us in NYC for 3 months starting March 2027.
📅 Deadline: December 4th.
✅ Rolling review — early applicants prioritized.
🧵👇
YC crypto founders get $40K in Stripe credits, up to $10K in cash through Stripe Treasury, free access to @privy_io's wallet infrastructure through Demo Day, and waived account minimums for orchestration by @Stablecoin.
Build on Stripe's crypto stack from day one.
This is the best Meta ads breakdown from an app founder I've seen this year.
The insane part: Pep did ~$170K in August and still wasn't profitable.
When a founder tells me paid is working, these are some questions I ask:
1. What event are you optimizing for?
2. What's your download-to-paid?
3. How many new creatives do you ship a week?
4. What does a creative actually cost you?
5. What's your plab if your #1 channel dies tomorrow?
Revenue is easy to show. Profitable, repeatable CA is what gets funded
Nos vamos de gira ✈️ 🇦🇷 🇨🇴 🇻🇪
Miguel Caballero y @Chematomic recorren Buenos Aires, Rosario, Medellín y Caracas. Negocios que quieren crecer, inversores que buscan alternativas al ahorro y muchos tutellianos a los que por fin vamos a ver en persona.
¿Están en alguna? Respondan con su ciudad y les escribimos por privado con un pase 👇
Naaa, this looks sick
We all bullish on NEAR because their privacy is easy to use
BUT, look at @UmbraPrivacy v2 (on Solana):
- Private balance for stables, memes, stocks and more
- Private sends in under 5s
- Private swaps in 15 - 20s
- Nobody sees who paid whom, how much, or which token
Privacy is still a narrative right now
Umbra really feels like a normal Solana app, try it