Thinking differently: What if Steem was a company?

I asked Brave Leo to tell me the market cap thresholds that are used to divide publicly traded companies into classes. Here's what it said.

Classification	Market Capitalization Range
Mega Cap	$200 billion and above
Large Cap	$10 billion to $200 billion
Mid Cap	$2 billion to $10 billion
Small Cap	$300 million to $2 billion
Micro Cap	$50 million to $300 million
Nano Cap	Less than $50 million

So then, I made a spreadsheet to see - if the Steem blockchain was a company, what STEEM price thresholds would be needed to land in each class (based on the virtual_supply value).

Here's the result (barring copy/paste errors or silly typos):

Side note: If Steem was the size of the largest tech companies, it would seemingly be priced well above $347... that's something to shoot for😉.

So apparently, Steem would currently qualify as a Micro Cap business, and the next step up is a Small Cap. To reach Small Cap, the STEEM price needs to rise to $0.52.

Basically, we'd need to 4x the price. As shareholders in that hypothetical corporation, what should the community do if we want to spur that growth and sustain the gains as our five-year plan?

We have a shareholder proposal system for a reason. Tech development is good, but it's not the only thing.

Once again, I asked the AI. Here's what it said.

Here are some key steps a micro-cap business can take to transition from a micro-cap to a small-cap company:

1. Increase Market Capitalization:

   • Grow the company's revenue, earnings, and overall financial performance to expand the market capitalization.
   • This can be achieved through organic growth, strategic acquisitions, or a combination of both.
   • Aim to reach the $300 million market cap threshold to be considered a small-cap company.

2. Improve Liquidity:

   • Increase the trading volume and share float (the number of shares available for public trading) to improve the company's liquidity.
   • This can be done by attracting more institutional investors, increasing analyst coverage, and enhancing investor relations efforts.
   • Higher liquidity makes the stock more attractive to a broader range of investors.

3. Strengthen Corporate Governance:

   • Implement robust corporate governance practices, such as having an independent board of directors, establishing board committees, and adopting transparent financial reporting.
   • This helps build investor confidence and credibility in the company.

4. Enhance Financial Reporting and Disclosure:

   • Ensure timely and comprehensive financial reporting that meets regulatory requirements and industry best practices.
   • Provide detailed information about the company's operations, management, and future plans in the financial disclosures.
   • This transparency can attract more institutional investors and research coverage.

5. Expand and Diversify the Business:

   • Diversify the company's product or service offerings, customer base, and geographic reach to reduce risk and demonstrate growth potential.
   • Pursue strategic partnerships, joint ventures, or acquisitions to expand the business and increase its scale.

6. Engage with Investors:

   • Actively participate in investor conferences, roadshows, and other communication channels to raise the company's profile and attract new investors.
   • Maintain regular and transparent communication with existing shareholders to build trust and loyalty.

By focusing on these key areas, a micro-cap company can work towards becoming a small-cap company, which can provide greater access to capital, increased liquidity, and broader investor interest.

And that spurs some questions (some of which I have touched on before):

• Can we make strategic acquisitions with the SPS? i.e. Should the SPS establish a strategic reserve with BTC and/or staked TRX?
• Should we establish something like a board of directors for the SPS? (I once suggested creating a steering committee and hiring a CEO for the SPS.)
• Should the SPS fund strategic partnerships with platforms like Rumble, DLive, BitTorrent, and/or Brave (especially in light of Tron's July Interstellar Heatwave and recent Rumble partnership)?
• Should the SPS hire influencers to blog (or even post embedded Rumble/DLive videos) and participate in comment discussions here?
• Should the SPS hire some quants to give us a robust theory of how and when to apply SBD interest?

All Steem investors are shareholders in a $76 million enterprise. It's decentralized, but it doesn't have to be rudderless.

This is all out of my wheel house, but between the SPS, blockchain rewards, and human ingenuity, we have resources that could be brought to bear for finding the right people.

Do we have leaders with the business chops to choose a direction and start things moving towards Small Cap status and beyond? If not, where do we find them, and how do we bring them here?

And when do we start? IMO, there's no better time then now.

Thoughts?

Update (July 11): This reply from @pennsif made me curious. Here's a graph of Steem's historical market cap. Looks to me like Steem has been in the micro cap range for most of its history, but it has transitioned (briefly) all the way from nano cap to mid cap. (historical data from @officialcmc)