Also:
Token founders should consider doing a small public sale at a valuation *less* than their most recent VC round.
Give the little guy a chance to flip the script here and be a part of a winning community from the jump.
Yano
@JasonYanowitz
8 hours ago
There are a LOT of tokens launching late Q4 and into Q1.
Some of the best founders I know are trying to launch with as low of an FDV as possible.
Launch low. Let your users make money with you.
Big difference from the past where everyone optimized for valuation maximization.
imo this would be an extremely disrespectful thing to do to your VC investors unless you explicitly informed the VCs of your plans to do this before they wired their funds for the higher valuation. Honestly I wouldn’t be surprised if this kind of thing resulted in lawsuits.
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Disclaimer: The content above is only the author's opinion which does not represent any position of Followin, and is not intended as, and shall not be understood or construed as, investment advice from Followin.
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