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

Built to Build. Angel investor. Previously at Eng and Ventures Coinbase and coherent.xyz

Building /seedclub 🌱 /consumercrypto 

Make something people want to be a part of

Mostly people I’ve talked to and crypto VCs that have pivoted away, also my strategy as an angel. Pays to not be 100% crypto concentrated. Diversified strategies with strong thesis in certain areas are the best

Also the game has primarily shifted from greenfield future of the internet to tokens are the only investable thing - which is less interesting

What makes you say that? Curious to hear your thinking here.

Grass is always greener. I’ve done it all and am very happy only focusing on crypto

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.

It was telling how many crypto VCs pivoted to being AI funds last year.