basil
@itsbasil
increasingly more 10k fids & below are in my dms calling for me to get LOUDER it appears the inner circle is finally getting pissed off? two notable developments: 1) “get louder for us” — people are scared to speak up due to fear of retribution from ex-cb mafia (this is horrifying, no different than censorship & why we get called linkedin) 2) just talked to a second crypto & fc og who is now advising an fc competitor interested in tokenizing the social graph: one just wants to start a fire; the other is giving “fine i’ll do it myself” energy while i appreciate dans recent visibility on the timeline, we’ve debated this time & time again to no end & nothing has changed out of love for the network, the people want SOME of the 100m+ of capital being SAT ON deployed & deployed LOUDLY starting with ONE non dev hire to run ONE of these initiatives (to start): > eco fund > marketing & ua > branding & optics > grants & devrel > meaningful creator rewards & ambassador program
24 replies
8 recasts
63 reactions
wake
@wake.eth
i don't know how "raises" work. merkle raised 150m. was that money just, like, transferred to them? i always assumed it was scaled in somehow, otherwise arrives with conditions. but if they're sitting on 100m liquid while the network ossifies... well.... that's... something lol
3 replies
0 recast
10 reactions
Nick
@nintynick.eth
yes having raised VC, just transferred. both parties sign legal contract, investors wire funds. Company can spend the money at will unless there were any specific clauses about this in the agreement (unlikely). Very likely provisions for translation between equity <> token upon TGE
1 reply
0 recast
5 reactions
wake
@wake.eth
helpful insight, thank you 420 $DEGEN
2 replies
0 recast
3 reactions