3 ms·

I've figured out why some crypto rounds are way too big

• exolymph 2y ago
  "The amount of cash looking to invest in winning web3 deals is pretty damn large; this means that when an attractive bet comes along, there is pressure to get as much capital into the deal as possible. [...] So, when a web3 product seems to have legs, well, it’s going to raise a check the size of a small city because there's a lot of capital wagered on there being lucrative wagers to be made on the blockchain. Even if the startup in question doesn’t really need that much funding."