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"Turpentine VC" | Venture Capital and Investing  cover image

E42: Naval Ravikant and Balaji Srinivasan on Why History Points to Crypto

"Turpentine VC" | Venture Capital and Investing

NOTE

The Future of Selling Companies

Selling a company differs significantly from selling a car. While a car easily transitions ownership and functionality through keys, companies often involve complex hidden knowledge and relationships that cannot be simply transferred. To enhance a company’s salability and liquidity, it is essential to encode operational knowledge into a structured system of smart contracts. Such a transformation will allow companies to operate more like machines, simplifying the sales process. Initially, simpler businesses, such as basic web services, can adopt this model by quantifying traffic and automating processes. Over time, as this practice evolves, increasingly complex businesses will also be optimized to function independently for new owners, streamlining their sale for future cash flows.

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