Ep. 107: The Future of Fundraising—with Joris Delanoue & Thibauld Favre of Fairmint

The Boost VC Podcast

When serial entrepreneurs Thibauld Favre and Joris Delanoue joined forces to build the future of fundraising, the Frenchmen chose San Francisco as their home base in large part because of its investor mindset. So, how do Silicon Valley VCs think differently from other investors around the globe?

Thibauld and Joris are the Cofounders of Fairmint, a continuous financing instrument that allows startups to raise money WHILE they build—rather than taking time away from business to pitch investors. The Fairmint model is built around community alignment, putting equity in the hands of a company’s employees, customers, partners and fans. Both Thibauld and Joris have ten-plus years of experience building successful tech companies, and they are on a mission to transition the world to stakeholder capitalism.

On this episode of Boost VC, Thibauld and Joris join us to explain what differentiates the Fairmint system from traditional fundraising and how the platform makes everyone their own exchange. They introduce us to the idea of a CrypTech company, describing the role the blockchain plays in Fairmint’s infrastructure and sharing their own personal evolution as Bitcoin enthusiasts. Listen in for insight around the Silicon Valley investor mindset and find out why Thibauld and Joris moved to California, where VCs will take a risk on ‘rational people doing irrational things.’

Topics Covered

What Joris & Thibauld do at Fairmint

• Get equity into hands of stakeholders
• Provide continuous financing instrument

How Fairmint differs from traditional fundraising

• Raise money WHILE you build
• Continuous Agreement of Future Equity (CAFE)

Joris & Thibauld’s shared vision for Fairmint

• Democratize access to wealth
• ‘Everyone is their own exchange’

What makes Fairmint a CrypTech company

• New financial instrument = FinTech
• Benefit to using blockchain in stack

Why Joris & Thibauld ended up in Silicon Valley

• Provides worldwide market
• Affords company credibility

The potential digitization of Silicon Valley

• Important for founders to spend time there
• Team doesn’t have to be there (distributed execution)

The Silicon Valley investor mindset

• Willing to take risks to find deal first
• Accept rational people doing irrational things

Joris & Thibauld’s definition of success

• Impact society by changing economy
• Do work kids can be proud of

Connect with Joris & Thibauld

Fairmint https://fairmint.co/

Fairmint on Twitter https://twitter.com/fairmintCO

Fairmint on GitHub https://github.com/fairmint/

Fairmint on LinkedIn https://www.linkedin.com/company/fairmint/

Thibauld on LinkedIn https://www.linkedin.com/in/thibauld/

Joris on LinkedIn https://www.linkedin.com/in/delanoue/

Resources

Singularity University https://su.org/

Allmyapps https://www.linkedin.com/company/allmyapps/

Bitcoin Whitepaper https://bitcoin.org/bitcoin.pdf

Nexteem https://www.linkedin.com/company/nexteem/

IDEO https://www.ideo.com/

Adam’s Post on Delaware C-Corps https://twitter.com/AdamDraper/status/1334702452684156934

Connect with Boost VC

Boost VC Website https://www.boost.vc/

Boost VC on Facebook https://www.facebook.com/boostvc/

Boost VC on Twitter https://twitter.com/BoostVC

Boost VC on Instagram https://www.instagram.com/boost_vc/