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Ben - [C/x]
@benersing
Imagine VC doesnt exist. No one is financing high risk, high growth early stage ventures. Pure white space. What would the optimal system/process look like? What wouldn't be included? $degen and / or $warps for most thoughtful contributions.
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Alex Palmer
@thatalexpalmer.eth
Well… VC has been optimised for outlier outcomes, which has pushed the expectations towards more outlandish goals. It’d be silly to say that VC as-it-used-to-be is extinct… but it’s kinda close? As we must deal with reality, crypto has the best shot of replacing it. It just needs more experience.
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Alex Palmer
@thatalexpalmer.eth
And I should add that I’m not talking about mechanical problems of capital formation. Most that attempt to solve those likely have the skill but lack vision. They’ll fail or reach subpar outcomes, even by conservative standards.
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