Still skeptical about SPAACE being fully for the community?🤔
No worries, You can check out this additional thread to understand how revenue works in SPAACE💸
100% revenue sharing, let’s go🥳👇🏾
By choosing community-driven funding over traditional VCs, @spaace_io made a clear commitment to the PEOPLE
Inclusivity, fairness, long-term growth, equality, what more can you ask for?
Join the $SPAACE airdrop and be part of this Outstanding movement
https://t.co/NiLIZSfekU
4.) Stronger Community Bonds:
Community-funded projects create a sense of ownership
This leads to more loyalty and long-term engagement with SPAACE.
Let’s conclude this thread⏬
3.) Long-Term Focus:
Without VC demands for quick returns, SPAACE can focus on sustainable growth
This long-term focus can benefit the community greatly
2.) Fairer and More Inclusive:
Raising funds from individual investors has its perks
Opportunity is spread across the community instead of concentrating wealth with a few VCs
1.) More Control:
SPAACE keeps its independence and aligned vision
It stays true to its philosophy without pressure from VCs to prioritize fast profits over growth.
In addition to the community raised funds, the founders pumped in millions of their own personal money
This shows their deep belief in the project and a BULLISH mindset to take it to the moon
𝘊𝘖𝘔𝘔𝘜𝘕𝘐𝘛𝘠 𝘖𝘝𝘌𝘙 𝘝𝘊𝘴, Let’s talk about the 4 key implications⏬
……when investments are harder to come by and the market is down
$2.5M came from members of communities like @CorgiCalls and others
The rest was gotten from individual investors like you and I, 400 people, 50 countries, multiple continents🤯
But what of the Founders?⏬
…..you understand who VCs are, let’s raise this burning question
𝘏𝘖𝘞 𝘋𝘐𝘋 𝘚𝘗𝘈𝘈𝘊𝘌 𝘙𝘈𝘐𝘚𝘌 𝘛𝘏𝘌𝘐𝘙 𝘍𝘜𝘕𝘋𝘚?
Well, Spaace raised over $4M from the COMMUNITY during a “bear market”, which is……
VCs, VCs, VCs, who are they?
𝘝𝘌𝘕𝘛𝘜𝘙𝘌 𝘊𝘈𝘗𝘐𝘛𝘈𝘓𝘐𝘚𝘛𝘚 (VCs) are people or companies that give money to projects for a share of ownership.
Although they offer helpful advice or connections, sometimes raising funds through them only benefits the Elites
Now that…….
𝙒𝙃𝙔 𝘽𝙀𝙏 𝙊𝙉 𝙑𝘾𝙨 𝙒𝙃𝙀𝙉 𝙔𝙊𝙐’𝙑𝙀 𝙂𝙊𝙏 𝘼𝙉 𝘼𝙍𝙈𝙔 ⁉️
Fancy suits, big money and very respectable Elites right?
Yes, they foster quick growth but sole reliance on them could kill a project
Luckily, @spaace_io raised most of their funds from the COMMUNITY🧵
my live #interview with @boriamajumdar on the controversial @thehundred#cricket league of the #ecb - Highly inflated information memorandum to increase pricing on the upcoming sale of the Teams - trying to lure prospective bidders to pay a higher price then it should be. at right price between 5-25 million for london based teams i would fully endorse this british league. it would be good for the game for @iplt20 team owners to own #thehundred teams. but DEFINITELY NOT AT VALUATIONS OF 50 MILLION FOR NONE LONDON BASED TEAMS AND 300 MILLION FOR LONDON BASED TEAMS. Which is a number that i am told the uk clubs are expecting. for what ? How ? Why ? still waiting for an answer. there only answer is that I wanted to buy the #league for a billion dollars. completely false - my offer was to buy the window. not invest in the hundred. but to Launch a #t20 tournament with 10 new teams. here u will see full interview