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MMCC is a collection of 20 Madrona Car NFTs —unique digital collectibles living on the Solana network. Your Madrona Car NFT doubles as your MMCC membership card, and grants access to members-only benefits, the first of which is access to THE SHOP, a private Discord server for MMCC owners. Future areas and perks can be unlocked by the community through roadmap activation. Each of the 20 Madrona Car NFTs has a special connection to Madrona and our history as a venture firm. The initial owners of these 20 NFTs will be selected from a lottery at the Madrona 2021 Holiday Party. If you are one of the recipients and do not have a crypto wallet to hold your Madrona Car NFT, we'll have instructions for how to set up a crypto wallet and claim your NFT.

Economics

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Pontiac

We can’t do a car-related NFT collection without American muscle, and the 1965 Pontiac 2+2 fits the bill. While not as popular as the Mustang, the Corvette, or the GTO, the 2+2 played a featured role in the formation of the venture capital business model. Legend has it that a budding venture capitalist was pitching a prospective investor at Buck’s in Woodside. After a litany of questions from the LP, the VC, who was a muscle car aficionado, became mesmerized by this beautiful car in the parking lot. The LP asked a question, and the VC mumbled ‘2+2’ as he daydreamed about taking it for a drive. The LP pounded his fist on the table, startling the VC back into reality, and asked ‘what do you mean the comp model is 2+2? That doesn’t make any sense! Are you listening to me?’ The VC, who knew he had to dig himself out of a hole, replied ‘2+2 … you pay me 2% of the capital per year as a management fee, and you pay me $2 of every $10 of profit.’ Thus the 2+2 venture model, later simplified to 2+20 so that both numbers were expressed as percentages, was born.
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Economics

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