I think so many problems in crypto stem from the idea that people treat VCs like they're Gods, but they’re just Middlemen.

Shuttling capital between lazy HNW boomers and based 20-somethings who just need a shot.

Deploying capital is many things, but it is not the Lord’s work. 

Still, somewhere along the way, people started acting like VCs were the main characters. Like funding rounds were the real milestones. Like writing a check was the hard part, not staying up all night trying to make something that actually works.

The problem with worshipping VCs is that it turns capital into the story rather than the fuel. It creates a world where everyone wants to be an investor and no one wants to be a founder. Where risk gets replaced by optimization, and the best and brightest aren’t building—they’re managing portfolios and clout-chasing on Twitter.

The people who deserve clout are making something brand new. 

Capital follows conviction... but conviction starts with founders.

Founder & CEO at Ghost 👻
withghost.co
before: @Variant, R/GA, other thingies

Not only that, they've let VCs demand unreasonable terms and become kingmakers – the backchannel conversations, restricting capital, "oh, you're building your startup on a platform whose founder has made a point of never working with crypto vcs? yeah, we're not interested in talking to you".

Cut them out. Crypto founders should reject crypto VCs.