Naval Ravikant On How Crypto Is Squeezing VCs, Hindering Regulators And Bringing Users Choice
Unchained
00:00
The Future of VC Financing
The tokens themselves aren't quite a financing mechanism because they're bare assets. They can be more freely traded all around the world. So startups have sort of created their own new financing mechanism that's native to the internet. The ICOs are letting out opening the liquidity valve and taking place of some of what the IPO's used to do.
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