Balancing Ventures and Liquid Assets

This chapter examines the strategic allocation of investments between early-stage startups and liquid assets, advocating for a 75% to 25% approach. It emphasizes the importance of refining investment theses based on market insights, showcasing case studies like Maple Finance to highlight successful pivots and the significance of alignment between founders and token holders. Furthermore, it critiques existing token models and discusses revenue allocation strategies, stressing the need for a balance between buybacks and reinvestment for sustainable growth.