CappyNate🍁 on Nostr: Profit is good. It's a motivator to create. So profit isn't the problem. The capital ...
Profit is good. It's a motivator to create. So profit isn't the problem. The capital market is.
Right now, IPO's are used as an exit strategy only. Why? The entire point of issuing stock is to RAISE money. To build!
But an IPO can cost $100m due to regulation, reporting, and insider fees. Therefore it's only feasibly used as an exit strategy. It's fucked. Going public should cost pennies, and be doable by anyone.
A $5m venture startup should be able to issue stock/coin/etc to instantly raise money for their venture. No regs. The market can do its own DD. Even an average Joe's Electrician company should be able to issue $100k.
Raising capital shouldn't be limited to backroom VC's or banks. It should be open and cheap. Full democracy and openness.
So to me, a fully democratizing the capital market can achieve more than anything to do with open source. No matter how noble OS may be.
Right now, IPO's are used as an exit strategy only. Why? The entire point of issuing stock is to RAISE money. To build!
But an IPO can cost $100m due to regulation, reporting, and insider fees. Therefore it's only feasibly used as an exit strategy. It's fucked. Going public should cost pennies, and be doable by anyone.
A $5m venture startup should be able to issue stock/coin/etc to instantly raise money for their venture. No regs. The market can do its own DD. Even an average Joe's Electrician company should be able to issue $100k.
Raising capital shouldn't be limited to backroom VC's or banks. It should be open and cheap. Full democracy and openness.
So to me, a fully democratizing the capital market can achieve more than anything to do with open source. No matter how noble OS may be.
quoting note1670…8036SUPPORT THE OPEN SOURCE CONTRIBUTORS WHO MAKE THIS MOVEMENT POSSIBLE. 🫡