Alok Vasudev
@alok
“Everybody wants 100M crypto users, but nobody wants to build no popular-ass apps (instead they retreat to infrastructure)” — 0xRonnieColeman
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Joyce
@0xjoyce
VCs want to fund “infrastructure picks and shovels”.
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Alok Vasudev
@alok
I think crypto is idea/execution -constrained. Farcaster had no issues generating strong VC interest for example.
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daniel
@pcdkd
Because of where the founders came from.
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Alok Vasudev
@alok
Too cynical imo. Dan + Varun without a compelling product (that had evolved through iteration over time) and without a strong early community don’t command the same level of VC interest they had for their round.
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timdaub
@timdaub.eth
VCs will go by reputation of the founders, why is that cynical?
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Alok Vasudev
@alok
implying that's the only reason
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timdaub
@timdaub.eth
you might find it cynical but I even find it hard to convince people in the US about my capacities without checking all the „entrepreneur“ boxes in the conversation. It is as much signaling labor as demonstrating „wokeness“ for liberals😅 VC’s care about origin and CV
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