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carlcortright.eth
@carlcortright.eth
My guess is most crypto VCs would choose to be non crypto VCs (who also happen to choose to do some crypto deals), if they could. A lot are locked into 2021 / 2022 fundraises with 10 year fund time horizons. There's \ no choice but to deploy into airdrops / tokens, and the one's who's LPAs allow otherwise have pivoted
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Alex Roytenberg, CPA 🎩🍖
@alexroytenberg
A lot of them are looking for companies/projects doing token drops and will dump them as early as possible to get some capital back to return to LPs or to redeploy into other projects.
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Jess Sloss !!!
@jess
Very broad generalization. Some do this. The good ones don’t. Choose your partners wisely.
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Alex Roytenberg, CPA 🎩🍖
@alexroytenberg
Working with a bunch of crypto projects on token launches that will happen over the next 6 months. Give it time and you might agree with the statement more. Lot of tokens haven’t been announced yet because it’s still in the legal and planning phase.
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Jess Sloss !!!
@jess
I’m not saying it doesn’t happen, just that there’s a big difference between great VC funds and the rest. If a fund is pressuring for a token before pmf, pretty clear sign they’re not a great long term focused fund.
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