venturecapital

The really weird part about VC is that the feedback cycles are so long that people can build up reputation as being a popular or even good VC without actually having made any investments that return capital for the fund

Co-founder @bountycaster (bountycaster.xyz). Co-producer @ethereumfilm. Previously co-founder of Scalar Capital and product at Coinbase

Do you think this leads to a lot of “tourist” VCs who are more focused on their personal brand than actual returns? (Like a fake it till you make it situation )

 Typo-prone | Football enjoyer | I draw sometimes

Do you think these tourist VCs actually have longer staying power (at least until fund 3) than the good, patient ones in an industry where people raise new funds at a fast clip?