Treasury Function in Web3

Hello, this is Hall T. Martin with the Startup Funding Espresso -- your daily shot of startup funding and investing.

Web3 brings a new function the startup must manage: the treasury.

The treasury function exists in the Web2 world but typically has no impact until later in the life of the startup.

For the Web3 company, the treasury has an important role from day one.

The Web3 world introduces the concept of the token which provides value to the members of the startup.

Those holding tokens have the option of converting those tokens into dollars.

The treasury must be able to handle the conversion to fiat currency.

There are also tax implications with tokens.

Using tokens as incentives for sales and other activities triggers taxable events.

Tokens can fluctuate in price dramatically.

As tokens rise, it increases in value to the holder.

As tokens fall, it decreases.

Taxable events must be paid regardless of the current value of the token.

Tokens bring a new level of complexity to the startup which must be managed early on.

Consider how to handle the treasury function for your startup.

Thank you for joining us for the Startup Funding Espresso where we help startups and investors connect for funding.

Let’s go startup something today.

_______________________________________________________

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On this episode of Investor Connect, Hall welcomes Mike Partsch, Chief Venture Officer at the Wisconsin Alumni Research Foundation (WARF). Located in Madison, Wisconsin, WARF serves as the designated tech transfer office for the University of Wisconsin-Madison. For nearly a century, WARF has played a crucial role in advancing groundbreaking discoveries from the university's research labs to commercial markets. They manage the intellectual property generated by university researchers, license it to various industries, and allocate royalties back to the university to support ongoing research and innovation. With a strong commitment to fostering a collaborative ecosystem, WARF has successfully partnered with numerous startups, driving impactful advancements across various sectors.

Mike Partsch is a seasoned professional with a rich background in venture capital and entrepreneurship. Having spent years honing his skills in the startup landscape, he brings a wealth of knowledge and experience to WARF’s investment strategy. Mike’s journey led him to work closely with the university’s entrepreneurial community, identifying promising technologies ready for commercialization. His insights into building a robust portfolio of startups around health, wellness, and technology have positioned WARF as a leader in the field, particularly in the health care sector.

In this episode, Mike discusses the mission of WARF Ventures and its unique approach to investing in startups that stem from the University of Wisconsin-Madison. He shares how WARF's structure as a separate nonprofit organization allows for a more agile and focused investment strategy, enabling them to support early-stage companies effectively. Mike also highlights the importance of collaboration with entrepreneurs and other stakeholders to ensure that innovations can thrive and address significant challenges within the healthcare landscape. He emphasizes WARF’s commitment to wellness and preventative care, aiming to shift the conversation away from reactive healthcare solutions.

Visit WARF at www.warf.org, LinkedIn, and on Twitter. Reach out to Mike Partsch at https://www.linkedin.com/in/mikepartsch/ and on Twitter. You can also contact him via email at mpartsch@warf.org.

Thank you for joining us for the Startup Funding Espresso where we help startups and investors connect for funding.

Let’s go startup something today.

_______________________________________________________

For more episodes from Investor Connect, please visit the site at: http://investorconnect.org

Check out our other podcasts here: https://investorconnect.org/
For Investors check out: https://tencapital.group/investor-landing/
For Startups check out: https://tencapital.group/company-landing/
For eGuides check out: https://tencapital.group/education/
For upcoming Events, check out https://tencapital.group/events/

For Feedback please contact info@tencapital.group

Please follow, share, and leave a review.

Music courtesy of Bensound.

Difference Between Web2 and Web3

Hello, this is Hall T. Martin with the Startup Funding Espresso -- your daily shot of startup funding and investing.

There are several differences between Web2 and Web3.

Web2 centralizes the control of information kept by gatekeepers while Web3 decentralizes control and removes the gatekeeper.

Web2 requires one to give their content and information to another entity, while Web3 lets the user maintain control of their content and information.

Web2 focuses on reading and writing content while Web3 focuses on creating content.

Web2 uses fiat currency such as the US dollar while Web3 uses cryptocurrency such as tokens.

Web2 uses JavaScript and HTML while Web3 uses open source blockchain technology.

Web2 stores data on centralized servers, while Web3 stores data in a distributed manner across the internet.

Web2 gave users access to the system through logins and passwords.

Web3 gives users access to the network through their own online wallets.

Web2 provides basic content while Web3 provides the semantic web using artificial intelligence and machine learning.

Web2 provides basic application to application communication while Web3 provides composability or the ability for one application to call another application.

Web3 continues to grow and evolve and holds the promise of creating a more democratic internet available to all.

Thank you for joining us for the Startup Funding Espresso where we help startups and investors connect for funding.

Let’s go startup something today.

_______________________________________________________

For more episodes from Investor Connect, please visit the site at: http://investorconnect.org

Check out our other podcasts here: https://investorconnect.org/
For Investors check out: https://tencapital.group/investor-landing/
For Startups check out: https://tencapital.group/company-landing/
For eGuides check out: https://tencapital.group/education/
For upcoming Events, check out https://tencapital.group/events/

For Feedback please contact info@tencapital.group

Please follow, share, and leave a review.

Music courtesy of Bensound.