Inside entrepreneurship circles, there may be fixed recommendation about turning your rejections into alternatives and making the perfect of them. Properly, it appears one Seattle-based entrepreneur Rebekah Bastian took this recommendation fairly actually.
On October 12, 2022, Bastian launched an NFT assortment that’s made up completely of rejection letters obtained by startup founders.
The Advantages of Rejection
We’ve all seen these viral pictures of profitable individuals’s preliminary rejection letters and messages floating across the web. That is much like what Bastian’s assortment seems to be like. The precise names of the entrepreneurs and their companies are blurred out however are revealed when the NFTs are purchased.
These letters have been minted with the permission of the entrepreneurs who obtained them and so they additionally acquired to set the costs for the property. Costs vary from .05 to.5 ETH and all of the proceeds shall be given to the founders who submitted their letters.
As Bastian explains, that is a part of a motion she calls Authentech the place individuals converse candidly about their lives and the struggles they’ve confronted.
“The first purpose of the venture is to offer transparency and solidarity concerning the painfully-common expertise of receiving a rejection letter from an investor you actually wished to work with,” says Bastian, including that these NFTs are additionally an opportunity to personal part of historical past, particularly if the corporate rejected went on to develop into very profitable.
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Tokoni Uti has written extensively on blockchain and cryptocurrency for years. Her work has appeared on websites like BTCmanager and Blockchain Reporter. She has a level in Company Communications.