If a something is long-term valuable, it usually takes many years for that to play out.

That's why traditional angel / venture investments being illiquid is a feature, not a bug.

Imo one of the big opportunities in crypto right now is to figuring the new meta for project tokens. 

Current model of Seed → A → B → high fdv low float erc20 airdrop is broken and down only for 99% of projects. 

The naive solution of "just launch a liquid erc20 from the start" is likely incorrect. Having a low liquidity, tradable token creates the incentive for teams to turn their token price into the product.

Imo correct approach balances: 
* Early onchain existence (have a token at seed) to integrate with onchain infra
* Progressively more liquid in a controlled fashion (akin to secondaries) as project matures
* Whole process is about as easy to manage as Carta

I know this is a boomer take, but i just don't see 100x more companies wanting to go onchain if they have to enter the casino on day 1.

The problem is Gensler was so hostile, instead of everyone developing a framework that worked, he hit everyone with a lawsuit so now all teams go offshore.

Offshore if you aren't liquid by day 100, no one will invest in you.