kaal:claim:4015908-018

A carve-out for start-up expenses is economically unavoidable in most fair launches because it is not feasible to expect founders operating without funding to keep spending time and resources on the project without payback assurances.

Source quote, verbatim

As a matter of fact, it may not be feasible to get founders who operate without funding to keep spending time and resources on the project without payback assurances.

From

Wulf A. Kaal, Fair Token Launch (2022), III.2.c(5)(a) Start-up Expenses, p. 10
https://ssrn.com/abstract=4015908 · source PDF

Cite as

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

Holds when

founders operate without outside funding
project cannot raise outside capital in a reasonable timeframe

Classification

conditionsupport: arguedinnovation

Verify

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