If a something is long-term valuable, it usually takes many years for that to play out.

That's why traditional angel / venture investments being illiquid is a feature, not a bug.

Imo one of the big opportunities in crypto right now is to figuring the new meta for project tokens. 

Current model of Seed → A → B → high fdv low float erc20 airdrop is broken and down only for 99% of projects. 

The naive solution of "just launch a liquid erc20 from the start" is likely incorrect. Having a low liquidity, tradable token creates the incentive for teams to turn their token price into the product.

Imo correct approach balances: 
* Early onchain existence (have a token at seed) to integrate with onchain infra
* Progressively more liquid in a controlled fashion (akin to secondaries) as project matures
* Whole process is about as easy to manage as Carta

I know this is a boomer take, but i just don't see 100x more companies wanting to go onchain if they have to enter the casino on day 1.

yea the problem with this take is that project launch is often the only time you can generate enough attention to break through the noise so if you willingly forgo it, you’re shooting yourself in the foot

wish it wasn’t that way