The Two Cap Tables of Crypto Companies: What They Are and How They Relate to Each Other by @ttunguz

First, does the startup retain tokens or immediately swap them for dollars? By hodling, the business implicitly operates a hedge fund. Keeping tokens means taking a constructive/long view on those tokens and selling vice-versa. How should the company decide which tokens to hold and which to swap? Should the business hire a full-time analyst to mana... See more