Tell me why my Crypto Startup idea won't work
&gt; Everyone here loves crypto (and have some) and loves startups too.<p>Not true at all, many here on HN are openly hostile towards it because they dismissed it at the time while others were made obscenely wealthy. Whether they own some is probably true, though.<p>&gt; I want to create a coinbase for startup equity. Translation :you invest small sums of your cryptos in a startup of your choise.<p>First, you don&#x27;t want to be the &#x27;Coinbase&#x27; of anything... Really, its a horrible company run by what seem like the most incompetent staff they pouched from MtGox and I squarely blame YC and tyical SV insider tactics for what it&#x27;s doing.<p>With that said: it&#x27;s a cool idea that many of us have had throughout the years since Mike Hearn wasted funds on Lighthouse and pretty much abandoned a mediocre solution to a pressing problem and left everyone with a bad taste in their mouth about such a thing.<p>&gt; Persuade me that it won&#x27;t work with arguments based on 1-3.<p>Preface, I&#x27;ve been in the community since Satoshi was still on BTF: it&#x27;s not that it won&#x27;t work, in fact things like Pineapple Fund, Sean&#x27;s Outpost&#x2F;Satoshi Forest shows that many of us in the Bitcoin community are incredibly generous (with time and money) and want to use this tech to solve many problems that Megacorps profess to care about and want to solve, but amounts to merely fluff to sell to their PR departments.<p>1: Some of have tried, but nothing worth talking about since Lighthouse.<p>Boost VC is probably the closest thing I can think of, and their are other incubators that are open to Crypto based projects (I pitched at a meetup in Boulder and a person from Techstars followed up).<p>2: It&#x27;s tricky, but if you remain in Bitcoin-only ecosystem their are few to no regulations or bylaws depending on where you operate from--this is a feature, not a bug. But this opens the need for arbiters and custodianship, which is frowned upon since this is supposed to be a trust less based system, but really that is what things like multi-sig escrow and smart contract oracles are for.<p>Reputation matters in Bitcoin, and contributors like Andreas who have made Bitcoin their life&#x27;s work with little to no compensation were later rewarded by the community--and he deserved it!<p>Bitcoiners, the early adopters more so, are seriously the most paranoid people in the tech World outside of say whistle blowers working for Intelligence firms in my opinion--and some like Reality Winner really didn&#x27;t do a good enough job to be on par with someone who sent $50 to a DNM back in the early days.<p>3: Many issues here, to many to outline them all.<p>But as mentioned before its creating a trustless transparent system; which will be your biggest hurdle since I&#x27;m guessing you don&#x27;t have any credibility in this ecosystem either.<p>Second, what is the ROI on this, otherwise what you are trying to create is just a charity with no real sustainable growth model. Even Non-profit&#x2F;NGO often have some outside funding from a foundation or a vested party interested in maintaining it&#x27;s existence. Think about who would want you to stay alive and work back from that.<p>The newest wave of Bitcoiners since 2017 (2013 really) are the money-centric ones that likely won&#x27;t fund any of the projects like that I mentioned before to help causes.<p>Personally speaking, I&#x27;m moving to more Bitcoin friendly countries&#x2F;environments for this is exact reason. The US is stifling progress and other countries have a more favorable view on Bitcoiners and their businesses, so I&#x27;m off to greener pastures.<p>But, I need some time away from this Industry--I had my own fintech startup in BTC for ~5 years and disrupted an entrenched Industry in that time, and then got into the enterprise &#x27;blockchain solutions&#x27; department for a Megacorp.<p>If you&#x27;re looking for consultant I&#x27;d be willing to do that in the interim, but if you give me 6-12 months I could join the team and do some legwork as I could probably be of more use then and tell you where&#x2F;how to incorporate and what are potential strategies for not just taxes but also securing your streams of revenue etc...<p>Do you have a Github or any portfolio of past projects? Your post history doesn&#x27;t seem to reveal much other than a job posting for a freelancer.