The Mirrortable

To create stronger community ownership, web 3.0 networks should move away from resourcing startup capital from centralized, opaque, and hierarchical VCs

Mirror is trying to build the tools for people to create crypto-native businesses similar to how people create e-commerce stores with Shopify.

Splits, Mirror’s latest feature, present a truly exciting alternative to involving people in your work. From a monetary perspective, collaborators typically have to divy up their earnings manually. That process relies on trust, manual coordination, and sometimes a ton of paperwork and legal overheard. Split’s crypto-native approach replaces a socia... See more

Mirror started to look like yet another crypto project that claimed to be democratizing something through decentralization, but was actually exacerbating, as Will Gottsegen cleverly put it, a sort of "clout inequality," elevating the cool kids of crypto above others.

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.