AlphaBack

alphaback-transparent-rgb-black-puqzl0to9tcnxr9p2b9ylv7z7ufmdfehxvu0rfoykg
Categories
Retro

Stonks Fundraising & Payments Code Coming Soon

We’re keeping this one short because the last update was long and this was a short week for the 4th of July holiday 🧨 TLDR: after presenting on the Stonks platform, we received an investment from the The Best of Stonks Fund 🎉 We’re also testing our payments code in localhost.

A view of AlphaBack's deal room on the Stonks fundraising platform.

Highlights

  • Investor Interest. We continue to receive inbound interest via the Stonks deal room. We’ll focus on finding a lead investor that brings web3 and/or ad:tech know-how.
  • Fundraising. We closed our first investor, The Best of Stonks Fund. Papers are executed and they wired the money 💪
  • Local Testing. We began testing our next deployment in localhost, which enables us to receive and distribute payments to users 🤑

Obstacles

  • Time Constrained. With so many investor meetings, there’s less time for product & marketing efforts. Growth this week was inbound and organic only. We’re excited to close our round so we can push full steam ahead.
  • Support Requests. Our Discord sever is no longer a founders’ chatroom 😛 Users are joining and they want to know when they’re getting paid. While explaining that payments are coming soon is an additional task, it’s also a signal that somebody gives a 💩. This is good because apathy is the real startup killer. Now’s the time to be patient and invite more users. #WAGMI

How You Can Help

  • We’re putting together our fundraising round. Reply if you have intros to investors who are interested in (1) a veteran team of 10Xers who’ve been working together for ten years, (2) DAO / community ownership, or (3) ad targeting in a web3, post-cookie world.
  • Are you familiar with any other high quality NFT conferences? We’re considering whether to sponsor another small booth so we can have more direct conversations with potential users.

We have a long road ahead of us as we journey to 1M users. Thanks again for your ongoing support.

Don’t forget to install the Browser Extension today!

By Rod Fuentes

Authentic, exited startup founder. Exploring Web3, DeFi, NFTs. Co-founder @AlphaBack_xyz. Loves: coding, cooking, climbing, and CoLab machine learning 😜