Venture capitalists and angels get a “100x better deal than everyone else” under the current crypto fundraiser model, which is what Kain Warwick’s “Patronage” model intends to fix.
Infinex’s “Patron NFT” sale could be a new model to bootstrap new crypto projects while avoiding the unfair playing field of traditional venture capital funding, says founder Kain Warwick.
“Patronage” is the new strategy coined by Warwick with Infinex — which, in theory, allows all participants to own a slice of a crypto project on the same terms.
Warwick said the current venture capital model is plagued by “skewed incentives,” where those with deep pockets are handed a “100x better deal than everyone else.”
