Lack of liquidity is one of the biggest problems in the traditional venture capital ecosystem, and the traditional VC model disincentivizes generating early profits because capital is locked in for an extended period of time.
Source quote, verbatim
One of the biggest problems in the traditional VC ecosystem is lack of liquidity.4 The traditional VC model disincentivizes generating early profits.5 Capital is "locked in" or "locked up" for an extended period of time.
From
Wulf A. Kaal, REPUTATION AS CAPITAL – How Decentralized Autonomous Organizations Address Shortcomings in the Ventu (2021), II.1.a) Liquidity - Capital Calls and Raising Capital, p. 5 https://ssrn.com/abstract=3962614 · source PDF
Cite as
Wulf A. Kaal, REPUTATION AS CAPITAL – How Decentralized Autonomous Organizations Address Shortcomings in the Ventu (2021). SSRN: https://ssrn.com/abstract=3962614
supportskaal:claim:3406323-005 ICOs changed the venture funding market because they provide investors liquidity far faster than the tradition...
Verify
The quote above is an exact substring of the source PDF, whose sha256 is c6e202e77fd08db801f932774026458b94e5d103abf30cb1189fe6a1c5edf391. Extraction method: pdf-text-layer. Attestation record: colloquium/attestations/36b3ba9f82dafac3...json Verify the binding yourself: curl -s https://wulfkaal.github.io/claims/3962614-003.md | sha256sum