Slide 15
Slide 15 text
What’s the difference?
Ownership model
VENTURE CAPITAL CRYPTO TOKENS
Preferred equity shares Cryptographic protocol / usage
tokens
Investors Accredited angel investors,
institutional ventures funds
Retail
Capital entry Rolling seed rounds, structured
venture rounds
ICOs
Capital exit Acquisition, IPO, (dividends) Liquid exchanges
Structure C-Corp, Ltd Anything, usually LLC +
non-profit foundation
Lock-up 5-10 years none
Investor protections Board seats, covenants,
shareholder approvals, etc.
none
inspired by William Mougayar
Information Private: Deck, business plan,
KPIs, team, metrics.
Public: Whitepaper, product,
team, open source code.