Brian Armstrong

Because if you're a private company, you don't want your employees to be able to get liquid after one year.

Because if you're a private company, you don't want your employees to be able to get liquid after one year.

That's why you have vesting.

That's why you have vesting.

It's a retention mechanism.

It's a retention mechanism.

Let's all build this together.

Let's all build this together.

And maybe when we go public, because there are stories of founders who took a little secondary too early, then the company didn't work out, and it's bad off.

And maybe when we go public, because there are stories of founders who took a little secondary too early, then the company didn't work out, and it's bad off.

So I think what's going to happen in crypto is that

So I think what's going to happen in crypto is that

In the private markets, first of all, we should make on-chain capital formation way easier for private companies.

In the private markets, first of all, we should make on-chain capital formation way easier for private companies.

So if you want to go, this is what we're chatting with the SEC about and others.

So if you want to go, this is what we're chatting with the SEC about and others.

It's like, can you go register a security?

It's like, can you go register a security?

Right now, you'd only be able to raise money from accredited investors in the US.

Right now, you'd only be able to raise money from accredited investors in the US.