A few months ago, I wrote a memo to help firms understand the investment opportunity in crypto. Today, I’m open sourcing my writing in hopes that it can help others. This piece discusses why and how a traditional VC could approach crypto. Whether you’re an investor, builder, or just casually curious about crypto / web 3, I hope you find this post... See more

What we’ll cover:The “internet” vs. “the blockchain” — a basic mental modelWhat is Web3, and why is it important?Where are we in the life cycle? (Hint: very, very early)Three investment areas in the core building blocks of Web3: DeFi, NFT picks and shovels, DAOsThree predictions for 2022

"Letter to a New Product Manager" by Brian Armstrong https://t.co/7KnQgQ4AtW