Many token companies may fail because they run out of money, highlighting the need for effective fundraising strategies to support ongoing development.

The relationship between equity and tokens in a successful token sale may blur, as the company's value could derive more from its token holdings than from traditional equity.

We're looking to support offerings of security tokens, but we don't see this as a pivot; we see ourselves as infrastructure to support sales of tokens.

The demand for ICOs indicates a strong interest in investing in startups, but it also reflects a tendency for investors to believe in ideas that may not be sound.

The YC process for evaluating startups provides valuable data on success signals, but such a framework does not currently exist for ICO tokens, leading to aggressive investment mentalities.

As infrastructure for asset-backed tokens develops, it may make sense for companies to raise equity through tokens that represent that equity.

Investors struggle to conduct due diligence in the ICO space due to a lack of established norms and data on token success rates, making it difficult to assess which tokens are viable.

Not every startup will need to issue a token; traditional trust-based relationships will always exist alongside tokenized systems.

We should focus on starting more good businesses rather than just increasing the number of startups, as not all ideas are worth pursuing.