Adam Delehanty
@adam-xyz
I think so many problems in crypto stem from the idea that people treat VCs like they're Gods, but they’re just Middlemen. Shuttling capital between lazy HNW boomers and based 20-somethings who just need a shot. Deploying capital is many things, but it is not the Lord’s work. Still, somewhere along the way, people started acting like VCs were the main characters. Like funding rounds were the real milestones. Like writing a check was the hard part, not staying up all night trying to make something that actually works. The problem with worshipping VCs is that it turns capital into the story rather than the fuel. It creates a world where everyone wants to be an investor and no one wants to be a founder. Where risk gets replaced by optimization, and the best and brightest aren’t building—they’re managing portfolios and clout-chasing on Twitter. The people who deserve clout are making something brand new. Capital follows conviction... but conviction starts with founders.
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Cassie Heart
@cassie
Not only that, they've let VCs demand unreasonable terms and become kingmakers – the backchannel conversations, restricting capital, "oh, you're building your startup on a platform whose founder has made a point of never working with crypto vcs? yeah, we're not interested in talking to you". Cut them out. Crypto founders should reject crypto VCs.
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depressivehacks
@depressivehacks
Crypto is supposed to be for everyone, yet one super early lesson I learned is that your success in this space depended a ton on your life in web2 before entering web3. If you had a successful web2 career, you had the capital to get going as an investor or as a self-funded founder. You also likely had the right connections to meet the people you needed to, or at least get them to take a call. Today is my third anniversary in web3. I came in here with nothing. I was making 40k a year in a job I hated in a toxic relationship and in a lot of debt. Today, I like my job more. I'm focused on bettering myself and taking care of my mental health. I am working on my debt. I don't have as much to show for three years of work as I'd like to. I am a writer who still has yet to do a single freelance piece for any notable web3 publication. That said, the people I've met and the relationships I've made here have added a lot to my life. I still have much to be thankful for. Onward. 🫶
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