Allow me to re-introduce
@ColorCapital
, a private fund investing in consumer, ecomm and emerging tech.
Portcos include:
Feastables
Athletic Greens
Seed
Hero
Helium
Italic
Ledger
Recess
Salt & Straw
We like helping brave founders burrow out of niches.
It took seven years, but we finally earned a $100M+ exit.
So many hard-learned lessons—hopefully sharing them here will give you an advantage.
A checklist of everything it took. 🧵
Ten years ago, our family income was $35k.
It took seven years to grow and sell our startup for $100M+.
Then, I got cancer and watched things fall apart. Now, I’m working on what’s next.
The challenges never stop. What’s important is the strength and support to face them. ❤️🔥
1/ We’ve all heard the NFT elevator pitch.
-infinite royalties for artists
-ownership for communities
-24/7 marketplaces
-token-gated unlocks
That’s all well and good, but what NFTs do next is going to 🤯 your mind. 🧵
Can hardly believe I’m typing this... we recently discovered I have thyroid cancer.
I have surgery tomorrow to remove as much as possible. Feeling off, but eager to move forward. Ready to make the most of this and come out stronger.
Life’s crazy sometimes. Please send vibes. 🙏
We’re looking for the most unconventional artists in the NFT universe.
The heroes, the emerging stars, and the completely unknown.
We need the very best.
Send them our way.
We built a business in a bear market.
Dead f***ing broke. $30k income.
Didn’t faze us. Just believed in what we we were doing. Built and shipped every day.
Got laughed at, disregarded, and ignored. Flew under everyone’s radar, all the way to a $100M+ exit.
And you can too.
Want a free .eth address?
I’m giving away several dozen to help onboard ppl to web3
Post the .eth domain you’re after and your ETH wallet address—I’ll cover the cost and walk you through the process
You can check .eth availability here:
Everything you need to know about the Black Friday fashion drop from
@CPGCLUB
.
Plus, how to claim a free NFT with utility in the CPG Rewards™ program. 🧵
Bootstrapping a nine-figure exit in five years, by the numbers:
Year 1: $150k revenue
Year 2: $500k
Year 3: $1.5M
Year 4: $6M
Year 5: $25M
300-400% YOY growth. Lean and profitable. Big enough to impinge on acquirer’s market share and warrant 4-5x multiple.
Outcome: $100M+ exit
The last six months have transformed my existence.
I’ve learned more than I have in my life.
I no longer have cancer.
I’m building the most ambitious products of my career.
And I wake up every day to thousands of internet friends.
I hope it never ends.
We are in the most interesting period of NFT history.
Blue chips down. Utility building. 2/3 of market wiped out. And a massive inflow of creators.
Disruptors, welcome to your moment.
Bootstrapping our 9-figure exit, by the numbers:
Years 1-2: Finding product market fit
Year 3: $150k revenue
Year 4: $500k
Year 5: $1.5M
Year 6: $6M
Year 7: $25M 🚀🚀🚀
400% YOY growth. Lean and profitable.
Outcome: $100M+ acquisition
My advice? Be ready for it to take years.
I’ve grown projects to 40 ETH floors, and we bootstrapped our company to a $100M+ exit.
I’ve also invested in many failures, and the project I am most proud of fell under floor price.
I've seen the good, the bad, and the ugly.
What I’ve learned growing web3 communities. 🧵
Let’s use $SOS as the governance token for a new decentralized NFT marketplace
If OpenSea doesn’t want to reward customers, let’s reward ourselves
Let’s graduate from customers to owners
Web3 is selling the same product to the same 500,000 people, over and over again.
There are 8 billion people on this planet. Let’s cast a wider net, building them simple, practical applications to improve their daily lives.
We’re partnering with several of the finest NFT communities for access to an anticipated drop.
I don’t care if their floor is .1 ETH, or 100 ETH.
We’re looking for the ones bound by purpose, kinship, and utility.
Let us know who we should be talking to.
Adoption doesn’t look like 10k PFPs at a 100 ETH floor
Adoption looks like millions of tokens whose users don’t even need to realize they’re interacting with the blockchain
Big news.
Pop is going to be a 100% allow list raffle, with more utility and access.
→ Guaranteeing fairness
→ Partnering with the finest web3 communities
→ Stacking big wins for Genesis members
We have constructed a model that is optimized for our community. 🧵
Don’t make enemies in this space
We are very, very early
People building now will be at the very front in 5, 10, 20 years
You can always build a relationship, but it’s much harder to repair one
Give people room to grow
It’s 2021, stop charging for shipping and just bake the cost into your list price.
$25 + $5 shipping 😬
$30 😎
Upwards of 60% of cart abandons are still attributed to shipping fees.
1/ The odds were stacked against us: bootstrapped, crowded category, no network to speak of.
But we sold our startup for $100M+ thanks to an exceptional product—and some original marketing.
Marketing strategies we used to beat out the competition. 🧵
Hundreds of SOL projects are being built quietly behind the scenes
Keep in mind, ETH didn’t come out of nowhere. It has value today thanks to quality applications built on it… platforms like ENS, OpenSea, M*taMask, etc
2022 is the year Solana finally shows what it’s capable of