After the event, my search for a co-founder took some unexpected turns, slowing down the plans. I brought some new volunteers on board and began to look for investment. My co-founder at the time convinced me to hold off from our Regulation CF plans expecting an investment that didn’t come to fruition. Navy Pier needed the full deposit to continue holding the dates we requested. Our early team sat in an office and figured out the best method to raise the initial funds. We took it to the community and raised almost $100,000 in a week. It was time to execute.
Our next step involved finding the right people to help execute. Josie came on board to handle the design elements and we started moving forward quickly. We soon realized we needed someone with more expertise and Josh Blaylock joined the crew to save the day. Dinner on Sundays, to get the team together, turned into an office and weekly meetings. Before we knew it, the conference was weeks away.
There was some logic to thinking that we could sell the amount of tickets needed to execute our plans, but this logic did not pan out with the bear market scaring off all but the most engaged builders. We hoped the ticket sales would pick up three weeks out, then two, then the last week. As we came close to the event, we had to cutback more and more from our plans.
It says a lot about the people contributing that they continued to work diligently on executing the plans as we watched our hopes of profiting fade away. In fact, people were putting in 16 hour days knowing that the goal was execution, not profit. We needed to do this for Chicago and Chicago responded. The community supported us when we needed it most. We owe a special thank you to Matt Roszak (Bloq) and Taylor Gerring (The Blockchain Institute).