One prominent VC GP told me that they did their research on Farcaster, and that the protocol fees were absolutely atrocious, and it was impossible to make any money here. 

Didn't have the heart to tell him that users are rewarded by the network and Merkle is trying to make the protocol nearly free 😭 😭 😭

most VCs are high on their own supply and can’t see beyond the present

helping build farcaster | surfing @ venice, ca | eating @ gjusta / gjelina | “lucky me, lucky mud”

@erica was on the call. This actually happened stg.

You're encountering the "we didn't get an allocation" justification.