My takes on the categories of $SKY critiques I've seen*
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I don't believe in quotas. And I believe that diversity is more than external appearance, gender or otherwise.
But this is a real short-sighted failing. I'm guilty, and I'm sorry.
I will speak for myself and say that I'll strive to do better here.
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Cabal in modern parlance is just a midcurve word for what's referred to as mafias (Paypal, YC, etc.) in SV.
Short of a solo-founder doing a fair-market launch (like $NATIVE), this will be a perennial barb.
That said, a true cabal would not be as visible as this group is. You know who's in it. You know how it works. The docs are available on day one. It's a token on the open-market.
Yes, it took pre-meditated coordination and planning that didn't involve posting every decision to the feed (see: DAOs, Rainbow's M&A department, etc.).
But that's how the real world works.
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Very fair sets of questions here. My assessment in joining $SKY was primarily around this. My answer? The NAV model, especially when tokenized, aligns our incentives with founders and token-holders from Day Zero.
It puts the onus on us to a) pick great projects with plenty of room to grow and move the needle for our entire space and b) help add value to those projects through effort and elbow grease. 7 replies
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