Startups often want to control the timing of their financing announcement and prefer not to reveal amounts raised for competitive reasons. If more of the Form D information was confidential rather than public, compliance rates would jump dramatically. Naval Ravikant Read Quote
Startups are constantly raising money, sometimes before they have even hired a lawyer. Naval Ravikant Read Quote
With tech startups, it’s all loose-goosie. You raise money as you go, often from friends, family and investors. Naval Ravikant Read Quote
At the end of the day, what makes Silicon Valley work is technology and the outcome of making money. Those two things have to be healthy. It has to matter a lot more than who is the celebrity and who is famous and who goes to the best parties. Naval Ravikant Read Quote
A block chain is a series of blocks. Each block is a series of computations done by computers all over the world using serious cryptography in a way that’s very hard to undo. Naval Ravikant Read Quote
We’re going to try and prove to the market that you can do a legal coin offering. If the SEC doesn’t crack down, this party will be amazing – the biggest party in town for a long time. If they do crack down, a lot of people are going to feel a lot of pain. Naval Ravikant Read Quote
China may censor YouTube. China may censor Twitter. They won’t be able to censor Bitcoin. There’s no central authority. There’s no one you can go to and say, ‘We’re going to turn Bitcoin off.’ Naval Ravikant Read Quote
Humans don’t ‘need’ math-based cryptocurrencies when dealing with other humans. We walk slowly, talk slowly, and buy big things. Credit cards, cash, wires, checks – the world seems fine. Naval Ravikant Read Quote
Nation states that are used to imposing capital controls will face a quandary: ban cryptocurrencies and live in the technology dustbin; enable them, and this virus – this religion, this protocol – will enable the free flow of money and language, along with packets, around the globe. Naval Ravikant Read Quote
Just as the web democratized publishing and development, Bitcoin can democratize building new financial services. Contracts can be entered into, verified, and enforced completely electronically, using any third-party that you care to trust, or by the code itself. Naval Ravikant Read Quote
