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Joe Blau 🎩
@joeblau
If you can launch a token and raise $5m, why would you take on venture capital?
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greg
@gregfromstl
Launching a token is effectively going public. The number of people you report to is 100,000X and you have to approach things with a dramatically different lens. That kills the ability to move fast and think independently when the world is invested in your every move.
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Joe Blau 🎩
@joeblau
What the diff between than and having 100,000 customers?
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greg
@gregfromstl
Customers aren’t financially invested in the company and (probably more importantly) have no say in how its run
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Joe Blau 🎩
@joeblau
The assumption of me saying the word "raise" is that you're thinking about it like an equity deal. When Elon raises money by letting people buy pre-sales of Tesla vehicles, it's for a good that's a person will use who is also not financially invested in your company. I'm not implying equity or voting via the raise.
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greg
@gregfromstl
If there’s one thing I’ve learned from being a part of two major token sales its that it doesn’t matter what you think the token means or even what it means legally, its what THEY think it means
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Joe Blau 🎩
@joeblau
I was just thinking on my run this morning. It doesn’t matter if you’re VC or community backed in this case because people think Farcaster is dropping a token no matter how many times Dan says no.
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