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I think a lot of VC's know this and actually don't like it. My hunch is that a16z founders don't like it, and that they are bit jealous of Chris Dixon about it
by jollybean 5y ago
I think a lot of VC's know this and actually don't like it.
My hunch is that a16z founders don't like it, and that they are bit jealous of Chris Dixon about it (their crypto guy), but would never even consider turning away from all that money.
There's probably a lot of 'but we want to invest in real tech' whining going on and FYI I suggest that there's legitimacy to this.
Crypto is a form of economic populism, a mostly net-zero value creating activity distracting a lot of people's time and energy away from things that would be more beneficial, but without the giant upside.
You can be a doctor, help save lives, do surgery on 30 people a year ... OR ... you can be a Crypto Billinaire Elon Musk TV Dragon CEO Baller with 1 Billion Twitter Followers And Own The Basketball Team!
It's a bit perverse. FYI there are probably real opportunities in crypto but they are limited.