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Token Value Capture: Moats, Growth and Protocol Fees | Chris Burniske, Fernando Martinelli

Bell Curve

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Is the Balancer Protocol a Company or a Startup?

Fernando: When you think about where you are in the lifecycle of a company especially startup I think that determines like when you want to start basically showing profitability or really extracting cash flow. There's also kind of fee preference and how that's going to express itself in different marketplaces. So maybe Chris I don't know as a VC or like a longtime investor in this space I think if we were having a conversation in sort of web to land and you had a balancers one of the older protocols but if you were talking to like a three or four year old startup you might be saying well hold on a second like you guys are still in growth mode and you don't need to

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