Bitcoin can serve as a dilution protection for startups. Adding Bitcoin to their balance sheets can extend the time until the startup needs another capital raise, protecting the founders from equity dilution. This is from the first annual @epochvc_ 2024 Bitcoin report: "Consider a startup that raised 1 million for 10% equity, and is burning 20,000 per month. If this startup allocated 50% of its cash to Bitcoin and Bitcoin's price increased annually by 30%, the company would eliminate fundraising needs over the next five-year period. This strategy reduces the hassles of fundraising, while allowing shareholders to keep more of their equity, which would extend runway toward profitability and self-sustainability."