> If there is another “crypto winter,” we’ll keep investing aggressively. This is how the good investors win. They have real definable thoughts of their own ab

> If there is another “crypto winter,” we’ll keep investing aggressively. This is how the good investors win. They have real definable thoughts of their own about technology. The truth is that most VCs aren't much more than bad money managers that chase other bad money managers around in circles. It's not that VCs are stupid. It's that new technology is complex and very few people at all understand it. Even very good technologists can't understand more than a few areas with any level of expertise. I really believe that decentralization will blow up the entire VC world itself but even this phenomenon will be a huge opportunity for some small number of VCs to profit from. Probably firms doing stuff like this.