founders at same fault for accepting this and making it the norm though
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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
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Forwarded from homeless chat mod
Didnt realize how ubiqtuious this model was until recent
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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
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Forwarded from infinityhedge
TERRA LUNA FOUNDER DO KWON SENTENCED TO 15 YEARS IN PRISON: INFINITYHEDGE VIA INNERCITYPRESS
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1 year ago i basically wasnt able to code at all.
in the last 24h i wrote over 20,000 lines of code
in the last 24h i wrote over 20,000 lines of code
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