I learned exactly these lesson also building NFT liquidity protocols from 2022-2024

@cobie You should listen to me because I’m forgoing the benefit of raising that kind of money again and subjecting myself to humiliation for the group benefit.

As an example we built 5 different protocols in 3 years @AstariaXYZ. We raised $8M at $80M. When we got acquired we still had…

joseph.eth

I learned exactly these lesson also building NFT liquidity protocols from 2022-2024

https://x.com/josephdelong/status/1901615155815088274

When we discussed winding down and returning capital, our accountants told us about one of their crypto clients who raised $10-15m and bought apartment buildings in Cleveland.

Funded the team off of the rent.

@bitfalls @cobie @AstariaXYZ Actually a genius strategy. We felt squeamish about investing the money because we felt it deviated from the mandate of the investors and carried risk.

@josephdelong @bitfalls @cobie @AstariaXYZ Bro same. Next time I'm either raising barely anything or way too much and just funding the company off of the yield. 

It was depressing how many of the latter our accountants knew.

Zach

Founder, designer, & product guy at /basepaint and /eigenlayer

When we discussed winding down and returning capital, our accountants told us about one of their crypto clients who raised $10-15m and bought apartment buildings in Cleveland.

Funded the team off of the rent.

https://x.com/zherring/status/1901626646727160005