Bonding Curves Enable Reputation Dumps

"The bonding curve encourages creators to pump and dump their own reputation. I know creators who have bought up their own big cloud cheap and then dumped it on later investors. Horrific incentive structure."

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Steph Smith

Steph Smith is the host of the a16z podcast, focused on highlighting the most important trends within technology. Before joining Andreessen Horowitz, Steph led HubSpot's Creator Program, including their growing Podcast Network. She was also a writer for the Hustle.

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