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carlcortright.eth
@carlcortright.eth
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
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Alex Roytenberg, CPA 🎩🍖
@alexroytenberg
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.
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Jess Sloss !!!
@jess
Very broad generalization. Some do this. The good ones don’t. Choose your partners wisely.
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Alex Roytenberg, CPA 🎩🍖
@alexroytenberg
Working with a bunch of crypto projects on token launches that will happen over the next 6 months. Give it time and you might agree with the statement more. Lot of tokens haven’t been announced yet because it’s still in the legal and planning phase.
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Jess Sloss !!!
@jess
I’m not saying it doesn’t happen, just that there’s a big difference between great VC funds and the rest. If a fund is pressuring for a token before pmf, pretty clear sign they’re not a great long term focused fund.
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carlcortright.eth
@carlcortright.eth
I think it’s less of a problem for funds and more for entrepreneurs. Tokens are the only proven liquidity mechanism for ventures scale returns. If you take VC, whether you like it or not, you’re eventually going to consider this direction Some rare apps (eg farcaster) that buck this trend
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