{
 "@context": "https://schema.org",
 "@type": "DefinedTerm",
 "@id": "https://wulfkaal.github.io/entities/investment",
 "identifier": "kaal:entity:investment",
 "name": "Investment",
 "termCode": "investment",
 "inDefinedTermSet": {
  "@id": "https://wulfkaal.github.io/entities/index.json"
 },
 "author": {
  "@type": "Person",
  "name": "Wulf A. Kaal",
  "identifier": "https://orcid.org/0000-0003-0757-275X"
 },
 "dateModified": "2026-07-29",
 "canonicalForm": "https://wulfkaal.github.io/entities/investment.md",
 "sha256": "4c1bb09576a1cd05fc6f84917ebcc179f57dcb88fc3ec0e9b6c71cfd6ddb6676",
 "additionalProperty": [
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   "@type": "PropertyValue",
   "name": "status",
   "value": "derived"
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  {
   "@type": "PropertyValue",
   "name": "claim_count",
   "value": 2
  },
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   "value": 2
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  {
   "@type": "PropertyValue",
   "name": "year_span",
   "value": [
    "2017",
    "2024"
   ]
  },
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   "name": "non_current_claims",
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  }
 ],
 "subjectOf": [
  {
   "@type": "Claim",
   "@id": "https://wulfkaal.github.io/claims/2939127-021",
   "identifier": "kaal:claim:2939127-021",
   "text": "Venture capital investment in blockchain startups has grown exponentially since 2012, which the authors read as an indicator of the technology's commercial maturity.",
   "abstract": "Figure 2 shows that venture capital (VC) investment in startup companies that utilize blockchain technology has increased exponentially since 2012.",
   "citation": "Mark Fenwick, Wulf A. Kaal, Erik P. M. Vermeulen, Legal Education in the Blockchain Revolution (2017). SSRN: https://ssrn.com/abstract=2939127",
   "datePublished": "2017",
   "claim_type": "empirical",
   "confidence": "evidenced",
   "is_failure_mode": false,
   "scope_conditions": [
    "VC investment in blockchain startups, 2007 to 2016"
   ],
   "source_pdf_sha256": "abcef529c7200261c59eec43018375b3b26e3186239fb9d002bacc298dba26ff",
   "status": "current"
  },
  {
   "@type": "Claim",
   "@id": "https://wulfkaal.github.io/claims/4957318-013",
   "identifier": "kaal:claim:4957318-013",
   "text": "The possibility that a law will expire without guaranteed renewal creates a climate of uncertainty that discourages the investment and long term planning which depend on consistent regulatory frameworks.",
   "abstract": "threat of laws expiring at any moment without guarantee of renewal can create a climate of uncertainty, discouraging investment and planning that relies on consistent regulatory frameworks.",
   "citation": "Wulf A. Kaal, The Future of Law - Dynamic Web3 Governance (2024). SSRN: https://ssrn.com/abstract=4957318",
   "datePublished": "2024",
   "claim_type": "failure",
   "confidence": "argued",
   "is_failure_mode": true,
   "scope_conditions": [
    "capital intensive or long horizon business decisions",
    "regulated markets where entry depends on rule stability"
   ],
   "source_pdf_sha256": "137fb77eb82111a85f0ab5581926f762a7414ae84aaf3d56e8299db670e0e0c1",
   "status": "current"
  }
 ],
 "description": "2 claims in the published works of Wulf A. Kaal carry the concept tag 'investment'. Derived node: a roster, not an adjudicated definition."
}