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Seed · Use case 02
Launch in a way that still reads disciplined under diligence two rounds from now.
Market narrative
Seed-stage companies usually make at least one decision during launch that their series A term sheet has to unwind. Ownership gets diluted by unclear token rights, governance gets ambiguous, or the cap table acquires a parallel structure that nobody can fully describe. Each of those costs two weeks of legal time later and usually costs real terms.
Legacy token logic
Legacy token logic optimises for launch velocity. Get the token out, get the price on a screen, and worry about structure afterwards. The problem is that a token trading on a public venue is much harder to restructure than one that never launched. The choices made in launch week become the choices series A investors have to live with.
The ERC-S migration
ERC-S assumes long-term financing from day one. The participation layer is designed so that launch mechanics never contaminate the cap table, ownership confusion cannot happen by accident, and every launch-time decision remains legible under series A diligence. The founder retains the same degrees of freedom after launch as before.
Deep dive
Launch decisions compound asymmetrically. A good decision shows up as continuity, invisibly. A bad decision shows up as a term-sheet edit. Most teams only learn which is which when the series A lead pulls up the participation record.
A disciplined launch reads the same from every angle. Community sees a coherent story. Product sees a clean release pipeline. Investors see a structure that does not need to be explained. That alignment is the point.
Roadmap note
The launch plan still drives the calendar. ERC-S just makes sure nothing in launch week becomes a problem at series A.
Next step
Thirty minutes with a Street operator. We walk through your current token architecture, the shape of your cap table, and the cleanest ERC-S path for your specific situation. No slides, no pitch, just a direct conversation.
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