1/ "AI Makes Product Development Easier: How Can a New Team Raise Funds and Establish an Organization?" Using AI to write code, build websites, and prototypes is becoming increasingly common. But once the product is developed, where does the funding come from? How is the team organized? What rights do early backers receive? @umia_finance is connecting these links. It has raised approximately $6.11 million through its own system, and its first external project, Slop Cash, has entered auction. From it, we can see a new option for small teams to raise funds and start businesses. 2/ For small teams, as development speeds up, the costs of other aspects become more prominent. Registering entities, handling intellectual property, finding investors, managing funds, and building a community—each thing takes time. Even if a usable product is created, there may not be enough resources to sustain it. Umia calls this gap the Formation Gap and attempts to provide a ready-made set of fundraising and organizational tools, allowing entrepreneurs to focus more on the business. 3/ How exactly does it work? The project's IP, operating team, and treasury are integrated into the same legal framework, raising funds through a public auction and establishing initial trading liquidity. After fundraising, the team operates according to a pre-set monthly budget. Expenditures exceeding the budget and major events are decided through a decision-making market. This way, entrepreneurs obtain operating funds, and investors can participate in regulating fund usage. The rules agreed upon during fundraising continue to affect the project's subsequent operations. 4/ UMIA itself is the first example. It completed a public fundraising of approximately $6.11 million on Base, selling 34.6% of the total supply. The auction closed at $0.36 per token, corresponding to a FDV of $18 million. Ten funds, including Galaxy Ventures, DCG, and Draper Associates, along with nearly 700 individual participants, followed the same auction mechanism, with no additional institutional discounts. All tokens sold in the auction were unlocked upon listing, and participants could decide whether to hold or sell them. 5/ How did early participants perform in terms of price? As of November 9th, the market price of UMIA was approximately $0.606, an increase of about 68% compared to the auction closing price of $0.36. The all-time high was approximately $0.921, representing an increase of about 156%, or 2.56 times the initial investment. 6/ Now, Umia is beginning to offer this system to external teams. The first announced project, Slop Cash, created by elizaOS founders Shaw Walters and Drew Pierson, provides open-source contribution payments: rewarding merged and accepted work. The product had already been launched and payments had been made before the token issuance. SLOP's purpose is to govern Slop's own treasury through a decision-making market. This case is good for observing how a team with an existing product can obtain resources for continued development through on-chain fundraising. 7/ The feedback from Slop Cash's initial subscription and the subsequent participant rewards are also worth noting. As of November 9th, the Umia page showed: • Subscription commitments of approximately $988,000 • Approximately 2.47 times the minimum funding target of $400,000 • Approximately 590 participants • The current auction price has reached its upper limit of $0.02196, corresponding to an FDV of approximately $2.2 million • The public auction represents 45% of the total supply 8/ I think the reason Umia deserves continued attention is that AI is enabling more small teams to develop products, and these teams still need funding, legal entities, and early backers. Umia has completed its own funding round; the next step is to prove how many external teams it can truly help develop.