Large scale VC (150m+) is a bit antithetical to crypto ideals and the crypto-enabled global society

Stay Curious // iixii // Lazer Technologies // Prev: CoinDesk, Roc Nation // based

The rails for permissionless (aka public) capital formation should be open and widely accessible at later growth stages

Why are there 5-10 fundraising rounds before the public gets access to invest in a company via an IPO?

Basically this. Just kind of admits that the large number of projects are too small (not VC scale) or can largely raise the funds needed in crypto-native ways