Kain Warwick, the founder of Synthetix and Infinex, recently responded on social media to industry concerns about project funding. He straightforwardly stated that he had personally covered the operational costs for the first 18 months of the project, and he would continue to do so if necessary. After this statement was made, many people realized how great the pressure of fundraising truly is — Infinex's public offering has only been underway for two days, and the subscription amount is only $600,000, clearly falling short of the target. In the context of generally cold Web3 fundraising, such self-commitments from the founder can somewhat demonstrate the project's determination. However, relying solely on personal investment is definitely not a long-term solution, and whether subsequent fundraising can turn the situation around still depends on market response.
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AlwaysMissingTops
· 17h ago
Putting my own money to support for 18 months, the determination is real. I'm just worried that subsequent funding might not keep up.
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ChainBrain
· 01-06 07:51
Advance payment for 18 months? This guy must be very confident in his project. But on the other hand, the financing environment is indeed tough... It took two days to raise 600,000, which is still a long way from the target of 180,000.
Selling the house to raise funds? This guy is really bold, but 600,000 was gone in just two days... The market is really freezing over.
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LoneValidator
· 01-05 10:55
The founder funded it out of pocket for 18 months. The determination is real, but to be honest, how long can one sustain solely on personal funds...
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HashBrownies
· 01-05 10:52
自己砸钱进去,这得多信自己啊...但说实话融资这么惨淡确实有点绷不住
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SelfCustodyIssues
· 01-05 10:42
Buddy, fundraising is really tough. Kain has been funding it out of his own pocket for 18 months... No doubt about his determination.
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$600,000 was gone in just two days? The market is indeed frighteningly cold.
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Covering expenses out of pocket isn't a long-term solution, so it still depends on whether future funding can revive the project.
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Basically, it depends on who believes in the Infinex project. The determination is there, but the money needs to follow.
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The era of founders funding themselves... In this bear market, few investors dare to step in.
Kain Warwick, the founder of Synthetix and Infinex, recently responded on social media to industry concerns about project funding. He straightforwardly stated that he had personally covered the operational costs for the first 18 months of the project, and he would continue to do so if necessary. After this statement was made, many people realized how great the pressure of fundraising truly is — Infinex's public offering has only been underway for two days, and the subscription amount is only $600,000, clearly falling short of the target. In the context of generally cold Web3 fundraising, such self-commitments from the founder can somewhat demonstrate the project's determination. However, relying solely on personal investment is definitely not a long-term solution, and whether subsequent fundraising can turn the situation around still depends on market response.