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$SUMMER

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Snapshot Window: 2026-07-18 17:10 UTC ยท โ† Back to Crypto Overview

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The equity-vs-token debate blew up again after @AskVenice sold 5% equity at a billion valuation... We asked @DonJohnsonSays where he stands His take: it's not either/or. He loves what Venice did, and calls it a great example for founders, you can launch a token and still do an [Spoken audio]: I don't want to derail us too much from the Robinhood conversation, but kind of just to like close off this token model structure and conversation. This has been a big one on the timeline, you know, the equity versus token split. Recently we saw with Venice, of course, they sold I think 5% of their equity at a billion dollar valuation. And there was this whole uproar on the timeline where it's like, oh, well, what's the tokens value if you're going and selling equity? I'm not sure where you guys stand on that or where you personally see I think this equity conversation going, do we think after the clarity act or maybe with some tweaking at some point, you know, like, there is no equity versus token. It's just a token. Or do we think tokens will maybe represent equity at some point? Or is it a mix of both? I mean, I love what Venice did their model. You know, I think also, like it's a it's a great example for founders out there, right, that you can launch a token, and you can still later, you know, do like an equity race. You know, it's, it's hard to hypothesize with what's going on with the clarity act. I was with Senator Lummis last August. I'm actually going to be with her again next month. Maybe I can get some clarification. Maybe we have more clarification before then. But I'm bullish on the space in general. I think that if and when clarity passes, it'll be a great thing. But it's tough. I mean, everyone wants to predict the timeline, what's going to happen, but yeah, I mean, I think that there's, there, Venice is a great model. It was great to see how they did it. I think that's encouraging for other founders, you know, that are that are out there. EZA Kickstart is the home of the internet capital markets. Explore ICM tokens today at kickstart.eza.io.

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