Vandelay Technologies, Inc.

honestly sometimes these days I do feel like a lot of crypto is smart-looking vaporware propped up by ZIRP VC dollars that need to be allocated

Yeah I think the issue rn is a lot of startups are in the “don’t work” phase, whereas most people expected some clear things to emerge by now

you're not wrong

VCs invest in things that have a good story of how they *could* be huge ("huge" meaning 10b+ exit)

and startups literally don't work until they do

so until the startup works, it looks like vaporware and the VCs look dumb

when the startup works, it looks "real" and VCs look smart

honestly must be rough as a crypto VC, where do you even allocate in good faith?