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Thunder Funder
thunderfunder@iris.to
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Funding #Bitcoin technology, investing in an open-source future! Score equity in your favorite startups. Sign up and join the community. Dedicated to supporting Bitcoin and open-source projects. Submit yours! Learn. Invest. Raise capital. Network⚑️
Burn rate is the speed at which a #startup spends its cash reserves. Keeping an eye on this is crucial for sustainability. Blow through your money and your company will dissolve. Managing burn rate is almost as essential as the product you are offering. image
Open source isn't just for tech giants! 🏒➑️🏠 Startups can leverage it to build faster, smarter, and more collaboratively. #OpenSource is the ultimate startup hack! image
Why would you go Open Source? - Transparency - Community-driven innovation - Company flexibility - Cost-effective solutions Going #OpenSource is a startup’s dream! image
The term 'open source' is barely older than Google! Coined in 1998, it's been revolutionizing software development ever since. We believe Open Source startups will continue solving problems and inefficiencies in every industry. image
Being a founder is hard work. Not every day is easy nor is every day fun. On the tough days, you have to remember your why. You have to know why you are enduring the path of entrepreneurship. You have to know WHY.
4/5 Q3: "What's the future of your product and company?" - Paint a vivid vision - Make them believe - Show growth potential
3/5 Q2: "How are people solving this problem today?" - Know your market - Understand competitors - Highlight your edge
2/5 Q1: "What specific problem are you solving?" - Be clear and concise - Make it resonate - Show your unique capability
1/5 3 Questions VCs Will Ask Founders Seeking VC funding? Be prepared to answer these key questions:
There is a start-up idea in your life somewhere, you just need to find it: 1. Solve your own problems 2. Look for inefficiencies in your daily life 3. Combine existing ideas in new ways 4. Ask 'What if?' questions 5. Stay curious and observe trends Find an idea, then act. image
An MVP is your β€œMinimum Viable Product.” Think just the essentials for what you want to do. If an MVP was a sandwich you would have: - Bread βœ… - Meat βœ… - Fancy toppings ❌ Get the basics, test it, get feedback, then add your extra features (the fancy toppings) image
Ever wondered why startups flock to Delaware to incorporate? While Delaware may not be a huge tourist destination, it is a corporate haven. With business-friendly laws, specialized court systems, and tax benefits, it’s enticing for businesses to call it β€œhome.” Delaware is the Switzerland of U.S. business law! image
What is Product Market Fit? It's that sweet spot where your offering perfectly meets your customers' needs. It’s finding your niche and creating a solution people want! How do you know you've found it? When customers are banging down your door faster than you can let them in! image
πŸš€ 6 Essential Founder Tips for Startup Success πŸš€ 1. Master 'No.' 🚫 Focus is key. Distractions are kryptonite. 2. Love the problem, not your solution. πŸ”β€οΈ Pivot ready. 3. Network pro. 🀝 Next break a chat away. Be social! 4. Fail forward. πŸ“šπŸ’ͺ Setbacks = lessons. Level up. 5. Data compass. πŸ§­πŸ“Š Numbers > gut feelings. Track all. 6. Self-care. πŸ§˜β€β™‚οΈπŸ₯— Marathon, not sprint. Future you thanks you. image
Alright, alright, alright! 🎸✌️ Open-source software is like the ultimate mixtape, man. Everyone's adding their best tracks, and it's all for free! πŸ“Ό Tape's Always Rolling: Keep on hackin'. No need for a record deal. πŸ” See-Through Sleeves: No hidden tracks. Everything's upfront and cool. πŸ’Ύ No Cash for Clunkers: Why buy when you can DIY and share? πŸ€œπŸ€› Groovy Gatherings: Like Woodstock for coders, peace, love, and lines of code. 🌍 Worldwide Jam Session: Everyone plays from basements to big stages. #OpenSource is the party that never stops, where every geek is a rockstar. Keep it real and open, and let's jam, baby! πŸ•ΆοΈπŸŽΆ
Ever feel like VCs are speaking another language? πŸ€” Don't worry, we've got you covered! Let's decode some VC lingo for all our Thunder Funder fam - accredited or not! πŸŒ©οΈπŸ’° Term 1: "Unicorn" πŸ¦„ A startup valued at over $1 billion. Rare, magical, and everyone wants to catch one! Term 2: "Burn Rate" πŸ”₯πŸ’Έ How fast a startup is spending money. Like watching your wallet catch fire after a shopping spree! Term 3: "Exit" πŸšͺπŸƒβ€β™‚οΈ When founders cash out by selling or going public. It's the grand finale of building the company! πŸ’₯ Term 4: "Bootstrapping" πŸ‘’ Starting a company with your own money. Like making a gourmet meal with whatever's in your fridge - creativity required! Term 5: "Hockey Stick Growth" πŸ’πŸ“ˆ Sudden, explosive growth after a period of flat progress. Imagine your startup scoring a hat-trick in the business world! #GrowthHacking #ScaleUp image
πŸ” #FounderBootcamp: Get ready to dive deep into the problem you're solving! Here are 3 questions VCs might ask about your solution.πŸ‘‡ #StartupFounders 1. ❓ "What is the specific problem you are solving?" Clarity is key. Define the problem in a way that resonates. #ProblemSolving 2. 🌟 "How are people solving this problem today?" Understanding the current landscape is vital. What's your competitive edge? #CompetitiveAnalysis 3. πŸš€ "Describe your solution to this problem." Paint a vivid picture of your solution. How does it stand out? #InnovativeSolutions image
Check out the #opensource startups in the latest Y Combinator Batch πŸ‘‡πŸ» Hint, there are 8 of them! 1. Patched (https://x.com/patchedcodes) is an open-source framework that uses AI to accelerate asynchronous development tasks like code reviews, lining, patching, and documentation. They are the preferred option for enterprises looking to add AI for dev workflows without compromising security. 2. Simplifine is an open-source, AI-assisted LLM fine-tuning library for non-AI developers. Simplifine reduces the learning curve and lets users focus on innovation instead of infrastructure management. 3. Ionworks (https://x.com/ionworks_) provides battery-simulation-as-a-service to help battery engineers accelerate their design cycles by replacing experiments with simulations. They are building their application on top of PyBaMM, the world's leading open-source battery modeling software (also created by the founders of Ionworks) 4. The goal of Panora (https://x.com/panoradotdev) is to make API integration seamless and simple. They provide developers API endpoints with unified abstractions so their products can integrate easily. 5. There is a microservices/monolith dilemma that Guage (https://x.com/gauge_sh) is helping solve by building #opensource Python tools. "In the short term, Gauge is building tools to help you scale a modular monolith. Long term, Gauge is building a way to deploy a single codebase as a set of independent services, giving you the scalability of microservices with the simplicity of a monolith." 6. Stack Auth is an #opensource, self-hostable, highly customizable authentication and user management system. They provide frontend and backend libraries for Next.js, React, and JavaScript. 7. Glasskube (https://x.com/glasskube) is revolutionizing the world for Kubernetes. It's an #opensource package manager that makes deploying, updating, and configuring packages on Kubernetes **20x faster** than the legacy tools of Helm or Kustomize. 8. Overeasy (https://x.com/getovereasy) makes going from an idea to CV model, 100x faster. Overeasy is building "IRIS," an AI agent that helps you automatically label your visual data with prompting. These startups are just a small portion of all of the excitement and momentum that is being built in the world of #opensource development. We are looking forward to seeing how these companies continue to build using the #opensource model! image
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