Some ramblings on what comes after Pump's ICO. 1) Potential Influx of Founders and Capital 2) A New Capital Formation Playbook 3) The Path Towards Onchain IPOs

1) Influx of founders and capital Just as Stripe's acquisition of Bridge catalyzed an influx of capital and founder talent into the stablecoin landscape, a successful Pump ICO can similarly inspire new founders and attract fresh capital. Founders always have the gumption to think "why not me?". Most of the broader finance world will probably hear about Pump's successful ICO today/this coming week. Some people will naturally start to see what global capital formation at its best looks like.

2) A New Capital Formation Playbook Things are path dependent. Founders and companies look for blueprints they can use to be successful. Blur --> the success of points as incentives Microstrategy --> capital formation for treasury vehicles Morpho --> token as primary investment mechanism structure Pump --> Exchange ICO playbook While an outlier in terms of size and support, Pump's playbook for raising on exchanges presents an interesting playbook for companies.