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

スタートアップの成功には時間がかかることを過小評価しがちです。暗号通貨業界ではリキディティが早まることがあり、現実と乖離した考え方になりがちです。