Date: 21/09/2023
Host: Kevin Whitmore, Business Innovation Advisor at Callaghan Innovation
Guests: Aaron McDonald, CEO of Futureverse
Video Length: 1:13:21
Transcript
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Introduction
1:55 Aaron's background, before Futureverse
17:30 Progression into FutureVerse and the current situation
19:17 How things have changed in the capital raise process
22:06 Evolution of Futureverse into its own ecosystem
26:18 Advice for a web3 business to approach a capital raise
29:55 Cyclic nature of the Web3 space and favourable timing
32:41 View of NZ founders in terms of dilution upon reaching growth phase
35:00 What type of team is required to succeed in this space?
39:56 The zebra concept - instead of a few unicorns, create a thousand zebras
43:23 How do you approach investors as a Zebra?
51:15 Is the new Root project selling tokens to raise funds or are tokens only distributed based on participation?
53:22 Incubator recommendations with experience in growing Web3 companies
59:29 What is your take on the current perception of the industry?
01:04:50 Advice for those trying to emulate the Futureverse journey
01:08:39 What are the biggest traps in the early stages of a Web3 startup?