futarchy has time and time again shown us that there's a couple cardinal rules you have to take when raising through this mechanism: - don't overraise. too much money is a liability & makes you susceptible to liquidation and clawbacks - if you don't overraise, you can take advantage of continuous fundraising. since tokens are mintable, you can do a raise any time - if the market agrees. at the end of your runway? put up a proposal to sell tokens to the public and increase your treasury. if there's buyers - congratulations, you just extended your runway from the public markets! - don't make projections that you can't hold up. just be truthful - i know that in traditional rounds it's usual that people make bigger projections than what's realistic, but you will get found out very quickly if you mess up here and get insta cooked - futarchy is a maximum accountability engine. be transparent and the market will be the judge. it can cut you a lot of slack if you're determined and transparent, contrary to popular belief - liquidations aren't bad. people think that they are - but companies can keep operating even after getting their futarchy shut down. the IP goes back to the company, and the investors get their money back. this is as fair as it can be - buybacks are accretive below NAV - but they should still only used sparingly. believers end up with a bigger % of treasury while giving an exit to non-believers - that's the goal of buyback below NAV