The Mirrortable

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I wrote up a detailed piece on how we can combine web2 and web3 tools to automate the mess of angel investing. The key concept is a mirrortable, which is to a cap table what a stablecoin is to a fiat currency. https://t.co/szVYsHPsG1

Balaji x.com

To do this, we'll introduce a concept called a mirrortable, an on-chain representation of a traditional capitalization table. A mirrortable is to a cap table what a stablecoin is to a fiat currency. That is, the on-chain version provides 24/7 uptime, international wallet support, and integration with smart contracts, while the off-chain counterpart... See more

balajis.com • The Mirrortable

on becoming "legible to capital": the most underrated factor in the success of firms is the degree to which they are legible to Capital. defining this precisely is hard ("you know it when you see it"): but an idea, a firm, or a person is legible to Capital (cap-C) when by dint of their... See more

Will Manidis x.com

I want to talk about one very concrete problem: the tangle of angel investing. This is an area where off-chain web2 tools like Docusign, Hellosign, Carta, and AngelList could be profitably augmented with on-chain web3 tools that have matured over the last several years — particularly the Ethereum blockchain, the USDC stablecoin, and the Ethereum... See more

balajis.com • The Mirrortable

The interface between fiat currency and cryptocurrency was a huge economic opportunity. Crypto exchanges are worth hundreds of billions and on pace to be worth a trillion. The interface between other pieces of the fiat system and the corresponding crypto system will be too. And one of those areas is the interface between fiat equity and crypto... See more