The Two Cap Tables of Crypto Companies: What They Are and How They Relate to Each Other by @ttunguz
Tomasz Tunguztomtunguz.com
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The Two Cap Tables of Crypto Companies: What They Are and How They Relate to Each Other by @ttunguz
Value Capture: Equity vs. Tokens
Framework Ventures • Framework
Imagine you have a dollar to invest and you can choose between two options: a public cloud service or a layer 1 blockchain. How do you decide which is more attractive? How does a token differ from equity? The answer is that tokens can act remarkably like equity if they are structured in the right way. In addition, tokens offer one benefit beyond... See more