Founders

A second not immediately obvious impact of Merkle’s raise is the signal it sends to the market about how to build/fund a successful business in web3:

Not everything requires a token

Not every investor requires a near term token liquidation event

Building something new. 🟪 Host: /venturecapital /adventures /theitinerant

Not sure it’s better 🤷‍♂️ pretty much just old-school same as always 

And it will bring a lot of (logical) pressure on sufficient decentralization of core components as time goes on … or trust will be quickly compromised … because VCs need to make the money back eventually