Here is a hypothetical scenario: We are a blockchain startup that just raised 10 million dollars in a crowdsale. How should we manage our runway? More specifically, how do we pay ourselves? Before I go

Thomas Edison tried two thousand different materials in search of a filament for the light bulb. When none worked satisfactorily, his assistant complained, “All our work is in vain. We have learned nothing.”

This parable is told of a farmer who owned an old mule. The mule fell into the farmer’s well. The farmer heard the mule praying or whatever mules do when they fall into wells. After carefully assessing