If we tokenize Soundcloud, and transfer its governance to a network of token holders, it will represent the first of many seismic shifts towards collective ownership, and an historic victory for the decentralized cryptocurrency space over the prevalent, advertising driven, era of the web.
We are excited about the next generation of these companies, which we are calling “Internet franchises.” These platforms use software and other tech to scale the franchise model, giving operators the ability to run a business built on the product(s) and infrastructure of a parent company without the physical real estate and capital required for tra... See more
In 2008, Airbnb sought $150,000 in funding for 10% of the company.
They emailed 7 big investors.
5 sent back rejections.
2 others didn’t respond.
10% of Airbnb is now worth $7 billion.