How a Traditional VC Could Approach Crypto / Web 3

This means crypto is democratizing access to otherwise private investment opportunities — I think this is pretty cool. But crypto projects still want access to VC capital and expertise. Good VC investors can provide a lot of value and help projects grow and succeed.

The Three Components of Crypto Success: Product/market fit, Community participation, Sufficient decentralization (community ownership)

The need for product/market fit is obvious. Without a product people want, there are no users, no business, and it will be difficult to sustain a community for long. Community participation and decentralized control

... See more

Understand the fundamentals of building a crypto startup—from the enabling infrastructure, to applications, to business strategy and operational best practices.

To know me is to understand that I have been, am now, and will continue to be knee-deep (read as: submerged) in both web3 and crypto. For better or worse—depending upon who you ask—this is not new; I have been beating the web3/cryptocurrency drum for a number of years now. The disintermediation of trust, from partial third parties to objective math... See more

3. Ape In: Reach out, evaluate, and join a web3 team

On a recent Acquired episode, Multicoin Capital VC Kyle Samani points out why VCs have far greater risk-tolerance to make moonshot bets with tokenized web3 companies than they do with non-tokenized web2 companies: web3 VCs can always sell off the tokens, typically after a vesting period of a year. Where traditional VCs see most of their struggling ... See more