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Re:Crypto enthusiasts want to buy an NBA team, after not pur... by jurassic on Sunday November 28, 2021 @05:06AM (#29367699)
The revolutionary bit is you can raise money through a DAO without paying millions to a corrupt investment bank to handle your IPO. No letting the investment bank set the opening price too low so their stable of institutional investors get a reliable "pop", etc. You don't need to spend millions on special consultants to help you prepare regulatory filings. So far, anyway. I'm a major crypto skeptic, but I definitely see the appeal of disposing of these gatekeepers and putting the public back in public markets.
Re:Crypto enthusiasts want to buy an NBA team, after not pur... by rchaud on Sunday November 28, 2021 @09:14AM (#29369035)
With an investment bank, you can negotiate an agreed upon price. Here you're at the mercy of whatever unpredictable gas fees a cabal of invisible miners decides to charge.
Re:Crypto enthusiasts want to buy an NBA team, after not pur... by ausbah on Sunday November 28, 2021 @05:42AM (#29367860)
direct listings? or any of the other ways to go public with an investment bank?