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> Which bad actors actors on the blockchain > That’s a large part of the value-add of professional VCs, be it in blockchain/web3 or any other domain, that the
by MaknMoreGtnLess 5y ago
> Which bad actors
actors on the blockchain
> That’s a large part of the value-add of professional VCs, be it in blockchain/web3 or any other domain, that they have the expertise to discern legit teams from scam ones.
That's a tiny part of it and as useful to society as hiring away nuclear physicists to work on ad prediction and tiktok recommendation algorithms.
- SkyMarshal 5y agoVetting early stage ventures is actually a large part of the VC job, not a tiny part. It's the entire reason for the accredited investor laws, to make it more difficult for scammers to scam the public.