a16z crypto 政策主管建议加密行业从基金会模式转向公司结构

Gate News 消息,3 月 16 日,a16z crypto 政策主管 Miles Jennings 发文表示,加密行业应告别基金会时代,转向普通开发者公司(Developer Companies)结构,以实现更好的激励对齐、增长与影响力。Miles Jennings 指出,基金会模式曾是应对监管不确定性的权宜之计,但现已成为行业发展的摩擦根源。基金会存在多重局限:难以高效部署资本、无法吸引顶尖人才、响应市场反馈缓慢,且受限于非营利性质无法开展商业活动。他建议,创始人无需放弃网络开发控制权,公司结构可通过多种方式实现利益对齐:采用 PBC(公益公司,Public Benefit Corporation)架构、实施网络收入分享机制、设置里程碑归属条款、建立合同保护机制、引入程序化激励等。此外,DUNA(去中心化非法人非营利协会)与 BORG(控制论组织)等新型组织形式可赋予 DAO 法律实体能力和链上治理功能,消除传统基金会的中心化弊端。

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