Gokul: Solana reached mainnet on under $10M after ETH crash
Raj Gokul · The Playbook: Lessons from 200+ Company Stories · Acquired · Jun 20, 2022 · at 5:50
Raj Gokul is the co-founder of Solana. He recounted Solana's early fundraising during the 2018-2019 crypto bear market.
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“The first seed was a little over three million, and that was more or less enough. The next round was like 13, but a ton of it got wiped out, because most of it came in in ETH. And before we found a custodian and were able to sell any of it, a lot of that value got wiped out, unfortunately. So it was altogether like less than ten million, I think, to mainnet.”
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