@tldr

I agree with the spirit of this take but I think it misses two important things — both of them related to time scale that we are looking at price on: 1. Price is highly manipulable in the short term (esp in crypto) 2. Markets can easily be wrong in the short term about whether a team is making the right bet (if the market was always right, right away, then there would be no space for contrarian-but-right positions which is what great founders are taking)

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