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> It seems that nearly every "public good" in the Ethereum ecosystem got gobbled up by VCs and pivoted to for-profit endeavors And this is because.... we don't
by vbuterin 6y ago
> It seems that nearly every "public good" in the Ethereum ecosystem got gobbled up by VCs and pivoted to for-profit endeavors
And this is because.... we don't have good public goods funding and so once the teams' capital needs get higher they have no choice but to pivot to VC/for-profit. I've talked to many of these teams personally, they are not greedy, but it's just unrealistic to expect people to turn away an opportunity for 100x more money. Turn away 2-5x, sure, but not 100x.
And this lack of public goods funding is exactly what I'm saying the ecosystem needs to focus on solving.