the thing about America is that its clearly always functioning at like 10% of its power level due to the costs of freedom and yet manages to win anyway due to the incredible benefits of freedom
"the only continent that would astound the renaissance time travelers would be north america, which was primitive and nearly vacant as late as 1607, but which today hosts the mightiest, richest, most creative civilization on earth"
now we just need proof. we need to see teams that launched on metadao grow, acquire users, make money, and re-raise via decisions markets. show that it's possible and de-risk the process for every team that follows
colosseum is incredibly proud to back many of the teams that are currently proving out this new model for capital formation, ownership, and governance on the internet
these founders are in the arena
if we succeed, history will remember their names
long live the meta dao
over the next 6-12 months, I expect sentiment on this issue to begin to shift. metadao projects like avici, umbra, omnipair, and solomon will show that it's possible, and in fact advantageous, to launch an early token and leverage it for distribution and customer acquisition
most founders are nervous about tokens. this is understandable. most tokens are scams. most end up bleeding to zero. most are memecoins
but metadao's ownership coins are different. the structure they create is sound and it's a 100x improvement over the status quo
it's been wild to watch the overton window shift on the dual token/equity model
when colosseum was designing stamp last year, it felt like we were still in the minority for believing crypto companies should have a single economic unit - token or equity, but not both
several other crypto projects have found success launching a token early
most notably bitcoin
but the list also includes ethereum, bnb, and of course, hyperliquid
yet somehow, this idea that teams should launch a token early in their lifecycle is still extremely contrarian
metadao believes teams should launch tokens early in their lifecycle
that's what metadao did. the meta token launched before metadao had made a single dollar of revenue. before it landed its first customer. before it had even figured out its business model
there are a few possible answers:
1) decision markets
2) mintable tokens
3) early stage tokens
while each of these is currently contrarian and most normal ppl seem to totally disagree with all of them, i'd like to focus on the last one - early stage tokens
metadao was early to this dual token/equity problem. it was also early to the low float/high fdv problem
which makes me wonder - what is metadao early to today that the market hasn't fully come around on yet?
as matt levine likes to joke, crypto is just speed-running all the lessons tradfi learned decades ago
perhaps our magic internet money is just a way for zoomers to rediscover basic financial literacy from first principles
anyways...
fast forward to today, and many people seem to be making investment decisions thru the lens of "does this token business also have equity"
this is a healthy shift and reminiscence of the low float / high fdv learnings we collectively endured last cycle
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