that's the issue, street can't fix that

because the founders themselves are minority shareholders

and all the large venture funds wont give away their equity rights / have non-dilution clauses in the SAFEs

every project that raised dual capital is engineered for failure

only way to fix it is to raise more capital from the token sales and buy back your equity which is going to be massively expensive and using retail as exit liquidity for the token

no, street's goal isnt to fix the dual capital raise structure with already existing blockchain projects, it's to onboard new non-blockchain firms onto crypto rails

Will you return to perp trading

it's kinda funny, VCs set up their companies for failure

to maximise extraction

founders at same fault for accepting this and making it the norm though

dual capital raise structure is a hard-coded suicide, it makes it impossible to ever provide token holder value. there are some hardcore deviations like PumpFun but that was only possible because Alons investors were Alliance and angels & not institutional VCs

Didnt realize how ubiqtuious this model was until recent

ask your founder if he raised dual capital & then ask how his equity holders would think about all the value flowing to a crypto coin with people on the cap table they dont know about lol

https://x.com/miyahedge/status/1999049386542653590?s=46

metaverse thesis

TERRA LUNA FOUNDER DO KWON SENTENCED TO 15 YEARS IN PRISON: INFINITYHEDGE VIA INNERCITYPRESS

man what a shitty news

gbreakpoint

increasingly bearish on solana

in 2022 i could have raised 20m for this