Diogenes Casares - Special Situations Investing in Crypto
Liquid - Web3 Crypto Investing
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The Conflict Between the Team and the Token Holders
The team was getting paid well and they wanted to take maybe a disproportionate, in your view, a disproportionate view of the treasury. It was just, first of all, their product wasn't really working. They were charging $7 million and for most crypto companies, you do not need $7 million to do the work that they were doing. And also the fact the team is almost entirely US-based, that was able to get us over the line when it came to getting that recognition.
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