If we could push a button to raise at a reasonable valuation, we would do that and back the mana supply at the old rate. But it’s not that easy. Raising takes time and is uncertain.
Carson’s prior is right that VC backed companies can quickly die if they have no growth—it can be very difficult to raise in that environment.
If that were true then there are many ways you could partially do that—eg give people a set of tokens to represent their mana at the time of the devluation and if at future point you raise. you could give them 10x those tokens back.
If we could push a button to raise at a reasonable valuation, we would do that and back the mana supply at the old rate. But it’s not that easy. Raising takes time and is uncertain.
Carson’s prior is right that VC backed companies can quickly die if they have no growth—it can be very difficult to raise in that environment.
If that were true then there are many ways you could partially do that—eg give people a set of tokens to represent their mana at the time of the devluation and if at future point you raise. you could give them 10x those tokens back.