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Lightspeed is drafting a template term sheet for early crypto rounds

Adam Goldberg · 20VC: Lightspeed Partner Adam Goldberg on Why There Remains No Mass Market Crypto Consumer Product, The Future For The Token Economy, The Good and Bad of Telegram's ICO and Why The Rate of Founder Learning is The Most Important Element A VC Can Assess · Jul 30, 2018 · at 14:29

Adam Goldberg is a partner at Lightspeed Venture Partners. He discusses how Lightspeed structures early-stage crypto investments combining equity and token rights.

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“So we haven't released it yet, but we are in processing Of writing up a template term sheet for both fungible token and non fungible token projects at the formation stage.”

quote is from the automated transcript, cleaned for reading: filler sounds and stutters are removed, nothing is rephrased. names can be misheard (the analysis reads context, assessments check outside sources). how →

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Goldberg: Replace 'Blockchain' With 'Database' as a Startup Test
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Adam Goldberg Jul 30, 2018 ▶ 12:20 20VC: Lightspeed Partner Adam Goldberg on Why There Remains No Mass Market Crypto Consumer Product, The Future For The Token Economy, The Good and Bad of Telegram's ICO and Why The Rate of Founder Learning is The Most Important Element A VC Can Assess
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Adam Goldberg Jul 30, 2018 ▶ 14:14 20VC: Lightspeed Partner Adam Goldberg on Why There Remains No Mass Market Crypto Consumer Product, The Future For The Token Economy, The Good and Bad of Telegram's ICO and Why The Rate of Founder Learning is The Most Important Element A VC Can Assess
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Adam Goldberg Jul 30, 2018 ▶ 20:00 20VC: Lightspeed Partner Adam Goldberg on Why There Remains No Mass Market Crypto Consumer Product, The Future For The Token Economy, The Good and Bad of Telegram's ICO and Why The Rate of Founder Learning is The Most Important Element A VC Can Assess
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Adam Goldberg Jul 30, 2018 ▶ 5:48 20VC: Lightspeed Partner Adam Goldberg on Why There Remains No Mass Market Crypto Consumer Product, The Future For The Token Economy, The Good and Bad of Telegram's ICO and Why The Rate of Founder Learning is The Most Important Element A VC Can Assess
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Goldberg: Games Can Run Centralized While Storing Cosmetics On-Chain
“You could build a game like Fortnite in a centralized manner while having its cosmetic assets live on the blockchain.”
Adam Goldberg Jul 30, 2018 ▶ 9:25 20VC: Lightspeed Partner Adam Goldberg on Why There Remains No Mass Market Crypto Consumer Product, The Future For The Token Economy, The Good and Bad of Telegram's ICO and Why The Rate of Founder Learning is The Most Important Element A VC Can Assess
Prediction Not checkable as stated
Goldberg: Crypto Operations Will Shift From Token Reserves To Traditional Financial Models
“I think that the days of saying we're going to reserve 30% of the tokens and that will fund our operations for perpetuity or over, I think it will look a lot more like traditional models.”
Adam Goldberg Jul 30, 2018 ▶ 23:18 20VC: Lightspeed Partner Adam Goldberg on Why There Remains No Mass Market Crypto Consumer Product, The Future For The Token Economy, The Good and Bad of Telegram's ICO and Why The Rate of Founder Learning is The Most Important Element A VC Can Assess
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