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10min chapter
The Chopping Block: VC vs. Liquid Funds, Friend.Tech’s Decline, Crypto Startup Exits - Ep. 704
Unchained
Controversies of FriendTech
This chapter explores the controversies surrounding the crypto platform FriendTech, particularly its declining token value and the fallout from transferring control to a null address. The discussion highlights the responsibilities of crypto entrepreneurs towards their investors, as well as the misalignment of incentives in the crypto space. Through reflections on initial excitement and subsequent disappointment, it critiques the token launch strategy and lack of transparent mechanisms for user retention and value creation.
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Discover
highlights
Listen to the best highlights from the podcasts you love and dive into the full episode