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 think most crypto founders and VCs count on the early liquidity and don't care much about building a sustainable company/project.

Former financial advisor.  Teaching crypto to financial professionals for 4 years.  Multi-family office for crypto wealthy


Sad but true

But the best teams won’t think that way

The nice thing is the ones looking for quick liquidity might be evolved away, and those teams and investors looking to build for actual adoption and growth will be the ones left standing.

Same thing happened with the Internet.  There were thousands of startups, and the resilient few changed the world