Alan Keegan
1 min readAug 13, 2018

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There are a number of interesting directions to go with it. Generally speaking the difference in incentives for venture backers vs. individuals, ways in which those can actually run counter to the incentives of the company itself or the founders, in crypto specifically the way that new cap table structures (or “non cap table” funding structures blurring the line between funding and revenue) might play out well or poorly for companies or their investors (or at least affect incentives). How crypto-unique liquidity events might change investment strategies for crypto companies. How a small concentration of highly inter-connected investors in crypto can dramatically help or hurt crypto companies (making synergistic connections on one hand, or copping ideas or strategies to another company on another). It’s such a rich question to open up, I would love to hear opinions on more aspects of it.

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