Equity Vs. Tokens | Fully Diluted
"Fully Diluted" means one thing for equity and another for tokens. Here is what each version actually includes....
Hi, Iām Tal.
After seeing too many bad deals over the years, I write about how founders and investors can avoid costly mistakes and get the structure right.
Over a decade inside venture rounds as a lawyer and VC. Today, I'm a partner at Collider.
Each post takes less than five minutes to read. The ideas and writing are mine. AI is used only for typo and grammar fixes.
"Fully Diluted" means one thing for equity and another for tokens. Here is what each version actually includes....
Does investing through a SAFE, rather than a priced equity round, leave the investor powerless to block a pivot? The post explains what SAFE holders can and can't do when the company pivots....
Valuation in a crypto deal means nothing until you know the instrument. SAFE, SAFT, and token warrants each price something different....
In a VC deal, negotiation only matters if it's about economics or control. Every post on this blog is about one of the two....
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