Sublime

1. Limited fund size: The fund would need to be $150M or less, or otherwise, you’ll be back to being wholly subject to the power law.


2. Equity optionality: Investors in a startup utilizing this product need to be able to get returns even if the outcome is smaller. That would req

For centuries, private attorneys have molded and adapted these legal modules to a changing roster of assets and have thereby enhanced their clients’ wealth. And states have supported the coding of capital by offering their coercive law powers to enforce the legal rights that have been bestowed on capital.

The most important ones are contract law, property rights, collateral law, trust, corporate, and bankruptcy law. These are the modules from which capital is coded. They bestow important attributes on assets and thereby privilege its holder: Priority, which ranks competing claims to the same assets; durability, which extends priority claims in time;

L’ingéniosité de Cortney consiste à considérer ce qui n’était pas envisagé comme un droit économique comme un aspect de la constitution économique du monde : l’argent devient un élément de propriété relevant de la sphère économique, qui transcende la juridiction politique. Dans son interprétation, le capital exige une protection, au titre des droit