# kaal:claim:4015908-006

**Claim.** Fair launches shift capital formation from venture capitalism toward altruistic capitalism, because a digital asset startup that can successfully raise capital through a fair launch becomes less reliant on venture capital.

**Type.** mechanism  **Support.** argued

**Holds when.**

- startup can successfully raise capital via fair launch

**Source quote.**

> In essence, if a digital asset startup can successfully raise capital from a fair launch, the startup will be less inclined/reliant on venture capital.

**From.** Wulf A. Kaal, *Fair Token Launch* (2022), III.1 Market Performance, page 5

**Cite as.** Wulf A. Kaal, Fair Token Launch (2022). SSRN: https://ssrn.com/abstract=4015908

**Verify.** sha256 of source PDF `e0925afde0c42a16cd5310983789fae3eb3d1f121e2954a72afa64191d00fe37` at https://raw.githubusercontent.com/wulfkaal/Academic-Papers/main/papers/pdf/Kaal%20-%202022%20-%20Fair%20Token%20Launch.pdf

**Topics.** innovation

**Keywords.** fair-launch, venture-capital, capital-formation, altruistic-capitalism

**Canonical form.** This markdown file is the canonical hashed representation of the claim. Its sha256 is the content hash used for attestation.