“Everybody wants 100M crypto users, but nobody wants to build no popular-ass apps (instead they retreat to infrastructure)” — 0xRonnieColeman

VCs want to fund “infrastructure picks and shovels”.

Live: MintMemento.art/mint | Creative, builder and lawyer.

I think crypto is idea/execution -constrained. Farcaster had no issues generating strong VC interest for example.

founder @ paperchain.com. smoker's club. always was, always will be aboriginal land.

Too cynical imo. Dan + Varun without a compelling product (that had evolved through iteration over time) and without a strong early community don’t command the same level of VC interest they had for their round.

very cynical, you're right. dan & varun big-brain thinkers. i've seen these deals passed around. most of the time "founders are ex-coinbase" is what gets weighted.

We had a working product for 1.5 years before raising money.