Tyrus603
Friday, March 25, 2022 1:54:09 PM
More fascinating insight from the incoming ceo of GOFF.
This is a 2018 interview that William Quigley did that mentions IPOs and ICOs venture capitalists and the new way of doing business that blockchain, crypto, NFT businesses like WAX now require.
I suggest you skip right to the 6:00 mark and watch to the end.
https://youtu.be/sELOiccvIZU
6:00 mark.
Quigley: I talk to businesses every single day that would normally go the venture (capital) route and... first and foremost in their minds is, 'Alright William, help us do an ICO (Initial Coin Offering); why would we go the old (VC) route?'
And I say, there is NO reason you would ever want to go that route!
Interviewer: What's sad though is, someone was telling me a lot of VC's here (in Los Angeles) are throwing money at tokens and not having to do any work; not having to contribute anything (else) to the companies --
Quigley: But that's in keeping with (the spirit of) Venture Capitalists, right?! Putting in money and doing no work! That is the best investment, to be honest...
(At this point the interviewer smartly points out that the reason companies should still want to invite Venture Capitalists in to have a stake in their businesses is because of the valuable corporate guidance that experienced VC investors usually bring to the table.
And Quigley responds
Quigley: ... And the only way you get that is by essentially paying for it. You have to allow a venture capitalist investor (to have equity) in your business... The venture model, I don't think it will go away, but it will have to change."
Key takeaway from this interview in relation to the Worldwide Asset Exchange/GOFF/Worldwide NFT/THE NFT co./THE KING of NFTs is this: One of the smartest, savviest and most experienced venture capitalists in the world happens to be the ceo/owner of WAX already, William Quigley himself.
He understands NFTs and smart corporate guidance and corporate accounting (he is a CPA and a former chief financial executive for Disney) better than anyone.
He doesn't need to give up ANY equity in his company to another VC guy or firm in order to "pay" for the experience and corporate guidance of an experienced VC investor coming from outside.
Because Quigley IS that guy.
He does not need an IPO.
He does not need a SPAC.
William Quigley just needs a reverse merger into a fully reporting, SEC and FINRA approved public company to get done... And it will give him, George Sharp, and any remaining shareholders who have either stuck around long enough, or who want to jump in either post-forward split, or post-merger announcement, the liquidity needed to actually cash in on the stock in the open over the counter market -- at a share price that will no doubt climb rapidly up to, and likely beyond, whatever the private co. market cap valuation of WNFT might be.
Also of note, George Sharp does not get paid the minimum $20 million that he is currently due for this reverse merger deal with WAX (debt that is reported as owed to him in the most recent GOFF quarterly report) until the merger is finalized.
As author Stephen King once pointed out to students at UMass Lowell in a 2012 visit, "Publishers don't pay me to come up with good ideas for a book, they pay me to finish."
It's all coming together.
Slower than I, and a lot of others anticipated, but looking increasingly like it will be so well worth the wait.
1
