@bigvc.base.eth
The VC is trapped and everyone is silent!
A large proportion of VCs in the market have fallen into the trap of their own solutions. Today we will discuss how the venture capital crypto market has changed in a difficult situation for VC:
It's worth starting with the fact that it's no secret that the crypto market has inflated valuations, sometimes it's x10-20 from traditional venture capital - the realities of the crypto sector that we accept, but the situation is getting worse.
The founders began to live in a cycle of "Raised investments > launched a project > went to collect new rounds for new projects"
This is how "Classic Locks" become a dangerous game for funds, moving away from the principle of the venture industry. The funds began to hunt not for XX, just for profit, if only the project would survive to the unlock.
To be honest, sometimes I am so touched by the founders who put up a cosmically unjustified assessment, and I am even more touched that such conditions support VCs.
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