venturecapital

Saw a company recently raising with a 'SAFT + equity warrant' round structure and was so refreshed by it. 🎩 

The U.S. has perpetuated the 'SAFE + token warrant' round as the de-facto structure for a lot of founders globally but it's arguably not the best design for web3 & on-chain startups.

20000 $degen for sharing unique learnings

What was the mechanism for conversation and how balanced was it? Would love to see us return to common sense SAFT + but the ICO craze created misalign incentives