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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daniel
@pcdkd
very cynical, you're right. dan & varun big-brain thinkers. i've seen these deals passed around. most of the time "founders are ex-coinbase" is what gets weighted.
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