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Ben
@benersing
Imagine VC doesnt exist. No one is financing high risk, high growth early stage ventures. Pure white space. What would the optimal system/process look like? What wouldn't be included? $degen and / or $warps for most thoughtful contributions.
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Kartik
@ckartik
harder lock in of capital as a culture. Too much short term liquidity of private startups make long term profitability irrelevant. We saw this with ICOs in the first hype cycle. I don’t know how you’d enforce, feels like a free market thing in general. You could potential have lock in covenants in your term sheet.
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