vc_profits.top_1pct_share = ±57 %
vc_profits.top_5pct_share = 90 %
power_law.label = Power law x Power law
power_law.applicability = Applies to all startup/frontier ecosystems
Not for the weak hearted.
Private markets are here to stay.
I argue that private markets persist because seasoned investors bring patience, value‑add, and signaling that crowds cannot replicate, while token launches give immediate broad distribution but can distract founders.
private.markets.value_add = "seasoned investors have patience and value‑add + signal that a crowd will never have"
private.markets.upside_capture = "private market will capture the upside"
token.launch.day0.suitable = "for a certain kind of founder/startup, token launch day 0 makes sense"