Q: If VCs invested, is it really user-owned?
- The OwnerBe team still needs money to build and get off the ground when we are unproven.
- The percentage is much less than most traditional businesses have when they go public.
- Web2 businesses don't even have concepts like reward pools or treasury for the communities. Only a fraction of users can buy small amounts of pre-IPO shares.
- Public market investors are typically much more unforgiving than VCs after IPO.
10% of $BEST can't control the platform. All the important decisions will be made by the governance, which is the users'.