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5min chapter
Explaining Blockchain Capital's Big Bet on an Eyeball-Scanning Orb
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How Much of the Company Investors Own?
Spencer: Sam Bankman is a formidable founder and knows how to manage a cap table. He typically thinks about companies selling 20% of the company in each financing. In this case, it's certainly meaningfully lower than that. And that's for tools for humanity, just to be clear. Spencer: World coin aims to distribute a crypto token to people so that the world can verify that they are a unique individual. It uses this device to scan viruses to confirm someone's identity after which they're given tokens for free.
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