Berachain Joint Creation: Regrets selling too many tokens to VC, currently hopes to minimize community dilution as much as possible

PANews
PANews|Mar 05, 2025 07:00
Smokey the Bera, anonymous co-founder of Berachain, said in an interview with Un Chained, "I don't think the criticism is completely wrong. If we could start over and the team could start from scratch, we might not have sold so much supply to venture capital firms. In fact, most of the supply was sold in the seed round at the beginning of 2022. At that time, we thought it might be interesting, but we didn't expect it to develop to such a large scale now. So I think these criticisms are reasonable. In fact, over time, we have been working hard to repurchase that part of the seed round and subsequent A-round supply, so that we can minimize the dilution suffered by the community due to these shares
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