Limited to 3K accredited LPs who didn’t receive tokens. That’s like me selling $10M to Andreessen Horowitz and calling it a crowdsale because they have 3K LPs. Legally, MegaETH sold to a few syndicate leads. Those leads are regulated as VCs/Investment Advisors. Zero difference.
@naval
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Syndicates vs Public Offerings: Cap Table and LP Structures
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Syndicates are accredited only, not on the cap table, limited number of participants. Just like the LPs in the single purpose fund that they are. Massive difference. It’s like AngelList Syndicates vs Public Offering.
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Echo Funding Model Critique: Syndicate vs Crowdsale Distinction
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Nonsense. Echo is just syndicates, aka a popup VC / angel fund. I know, I co-invented the model at AngelList in 2013. Conflating the two is either ignorance or propaganda to trick people into thinking they’re doing a crowdsale when they’re selling to angels/ VCs and LPs.
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Truth and Love: Pursued Despite Personal Cost
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Only two things are pursued for their own sake – even if they make you feel worse or make you worse off – truth and love.
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Education vs Learning: Why Edutainment Fails Children
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Fair enough. I was referring to education (someone trying to “educate” you) and not learning (something you do for yourself). Ask any parent who tries to educate their child with edutainment.
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Top VCs Sell Brand Not Judgment AI Capital Dynamics
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I don’t see it. The top VCs are selling brand (based mostly on track record), not judgement itself. Their picking is an adversarial game so there’s no stable equilibrium. To the extent entrepreneurs need less capital because of AI, they’re more leveraged and the returns to
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Mixing Education and Entertainment Produces Neither
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Anytime you mix education and entertainment, you get neither.
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Media-enforced surveillance panopticon detonated analysis
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Detonated a media-enforced panopticon. Wonder how long it’s been around.
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Courage as the Only Unfakeable Virtue Taleb Philosophy
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Because, as Taleb says, courage is the only virtue that can’t be faked.