Right except I'm playing with like $350,000 chips, right? And I'm putting that $350,000 or more chip that stack of chips onto like Black 36 and I'm spinning a wheel and I'm doing that 10 times, right? And most of the time I'm going to lose and every once in a while I hit it and it's fucking great and I make all my money back and then some he's like. But fundamentally you know this was his. His advice to other angels. He's like if you think you're doing anything else other than playing roulette.
You know, because the truth is when you look at most of these companies, like trying to understand execution risk and whatever it's really bugging impossible, right? So in terms of overcoming, I think what I'm trying to say to you is to understand that the way in which they're thinking about your business is, from their perspective, not from your perspective, right? That's really important, right? So when you're evaluating your business and you say, like I'll use your business as an example.
Like part of that is like OK, but you know what is the market opportunity and I'm not saying it's wrong, I don't know. I haven't dug in, but like you know one thing that somebody might ask. A thing that I would wonder is like OK, it's very innovative but you know, are you just selling? Is it just interesting to 1000 people? And if so, are those thousand people just not willing to pay like 50 bucks one time? Because that's not that interesting of a business. It's interesting for you.
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You know, like you might have a business that likes a restaurant like small restaurants are good examples, right? Like often restaurants are not venturing bankable because the restaurant may be doing well right? And it may be returning for the owner of that restaurant like even several $1,000,000 a year right? But there's not necessarily a path to a franchise model or there's not necessarily a path to you know expansion or other problems right? And so like despite what you have.
For the rest of your life, it's just like it's not gonna be that thing that they can look at and say. Oh yeah, if we give you a bunch of money, this has the potential to turn into. Like you know, I don't know the Gordon Ramsay Empire or whatever the fuck.
Because that money is really meant to be like an accelerant, right? So if there's no if there's nothing to accelerate? If you're not trying to scale rapidly, then you don't need VC money, just go get a loan from the bank or from your family.
I appreciate that, but if I could just thank you for all of that evil and sub. I appreciate it, but so the VCs that I'm targeting actually are open sea ventures, alchemy ventures like there are all these VCs that are tied to successful blockchains and projects that are meant to not only draw you know successful businesses projects to their space but also to improve the entire ecosystem so.
The project you do has it right. It is a suite of marketing tools or a suite of tools for artists. But what's interesting about it is the way that if we build a brand that's successful, if it works, which it will, it has the potential to transition to a sort of being the Trojan horse for NFTs to attach to traditional media, which obviously there are a bunch of other projects that are working on that, but it's.
As it stands, none of the projects are doing it in a way that will work for artists who are gallery represented, who you know, actually will have a secondary market. Now, obviously, everything's going to evolve like I think that the art market is going to evolve, but that's kind of.
So can I just place you second, do you want some direct feedback just on that?
OK, so my direct feedback is I would not pitch a BC on that at all, right? And I'll tell you why, because what you just said to me is that, like, my business doesn't necessarily work, but it's a Trojan horse into something larger that does actually work potentially right? That's a lot of fucking execution risk, right? A lot can go wrong between those two things, I'm just saying that like I'm giving you very very candid feedback, right? Like the picture you want to paint is like.
This thing works right now. There may be a broader vision, right? And? And I'm not saying that if asked, you shouldn't articulate that vision, but that is definitely not what you should lead with, right? Because again, what you're saying to me is that your current business that you're asking money for, like who knows? But maybe if you're lucky, right, it's going to be this Trojan horse. Maybe into this other thing which maybe works so you're layering risk on risk upon risk, right?
The thing that I'm building is X. That's what I'm taking money for. It may lead to Y&Y would be really cool, but even if it never leads to Y, This is why X is going to work. In other words, This is why I'm going to get my money out.
Really shouldn't have even mentioned that because the main thing is just and I don't wanna take up any more space on my project, but the main idea is that it. It improves the user experience. It has the potential to grow the market to draw new collectors who might have been scared off by all of the scams and the daily reports of rug poles. And all you know, like those kinds of scary things and the high you know the steep learning curve that blockchain has.
As the technology with the technology and as adoption of the technology grows, but in the meantime, the most immediate value I think it has is a profit like I have a financial model, it's. It's a profitable model. You'll make 10 times back your investment, but I think that the value is really for the ecosystem and so that's why. I'm kind of targeting those open sea ventures. Alchemy ventures like these VCs that I don't know to seem kind of.
Like maybe I have a different perspective than the one that you mentioned at first. That's all I'm saying.
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