Crypto founders and VCs alike unconsciously underestimate the time needed for startups to work

Startups are hard and it’s common for time horizons to be 5-10 years until a liquidity event

Because liquidity could be achieved before PMF (ie. prematurely) in crypto, mindsets became warped and disconnected from reality

I suspect we’re returning to a phase of more realistic liquidity timeline expectations and incentives aligned towards long term value creation.

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Principal at Cobalt Ventures. Write @ TheItinerant.io ; BenErsing.com Host: /venturecapital /finance /adventures

I don't think the crypto community is into long-term value creation at all anymore.