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.

what do you think is missing from fairmint or echo in this direction? or put differently, fairmint/echo seem to do something along these lines, why do you think this hasn't taken off more?

design @splits | /wireframe /latenightcrew /event-pass /feud

I generally like Echo! my only critique is that it's perhaps a bit too web2. people want tokens, not exposure to SAFEs via SPVs. I bet they know this and are working on it! cc @cobie

Echo users get to buy tokens, though. They don’t care about the legal engineering