Joe Martin

Paintbrush - $50k funding at the idea stage - yes, really

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That chicken-and-egg problem of not being able to get funding until you have a business, but not being able to build a business until you have funding? Solved. Get your funding at the idea stage, so you have the time and money to build.

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Willy
Love it. Everyone needs money. Everyone has ideas. I'll sign up now. Will report back when I get 50K. Wish me luck 🤪
Kaela Worthen
@will_works haha you might have hit the window when our form was done due to too much traffic from PH, but we're back up now if you want to try now! https://getpaintbrush.com/get-st...
Gregory Schulz
I love that Paintbrush helps founders avoid the worst new venture trap: a cluttered cap table. I've seen so many founders invite too many, or the wrong kind, of people onto their cap table in order to get their idea off the ground. Invariably, these cap tables have to be cleaned up in order to make future growth possible. Most founders don't know this at the outset, but getting someone off a cap table is major surgery for a business. It usually distracts the management team at critical moments and can even be fatal to the company. Paintbrush seems to offer a better way. Get enough cash to prove out a concept without having to give away a big chunk of your cap table to an aggressive "angel" investor. Avoid disastrous code-for-equity arrangements. I hope this becomes an important part of the venture finance ecosystem.
Kaela Worthen
@gregory_schulz Yes! Not only this, but so many get into predatory relationships with bad angel investors who take way too large of a percent of the company early on, because that's the only option available to them, and then they shoot themselves in the foot when they try to raise equity through more traditional funds later on, and they end up giving away all their ownership in the company.
Akriti Nayal
Congrats on the launch! Looking forward to using it
@akriti_nayal hi Akriti, could you also please support us here too (https://www.producthunt.com/prod...) Would really appreciate it Thanks!
Kaela Worthen
@akriti_nayal Turns out PH temporarily smothered our site, but our form is back up now if you want to get started on your journey! https://getpaintbrush.com/get-st...
Stanley Satyukov
Do you operate as a LaaS?
Kaela Worthen
@westyer Hey Stan, thanks for checking us out! We do not—we service our own loans and have software to do so, but we do not offer tools for others to be able to use. Good luck on whatever you're building, though!
Johan Steneros
Interesting.
Stephen Walter
@jsteneros Thanks, excited to see it come to life.
Counter mats
Great launch 🚀! I love the idea.
Stephen Walter
@_mats Thanks!
Cool product! Upvote for your great work.
Stephen Walter
@colin_barry Thank you!
Wes
LFG Paintbrush
Stephen Walter
@whp_wessel Thanks Wes!
Joshua Molinare
Great tool for young companies, I'm excited to see what comes next!
Kaela Worthen
Thanks @joshua_molinare! So are we! Still lots more planned. :)
Shubham Pratap Singh
Congratulations on the launch🎉💯💯
Stephen Walter
@shubham_pratap Thank you!