Speaking to a large (>$500M AUM) VC yesterday who is bearish on web3 consumer (gamefi, socialfi) in this market. Strong preference for infrastructure and middleware.

Who strongly agrees/disagrees?

Jazzed about web3 🎷 

Building web3 mobile gaming (Unite, Superlayer)

A lot of what’s called VC today is basically private hedge fund investing - based primarily on quantifiable, well-understood metrics.

Programming, philosophy, history, internet, startups, crypto.

Investor: a16zcrypto.com

Author: readwriteown.com

Makes sense. Very different liquidity profile. Good characterization of this VC. 

Long live consumer web3!