Avalanche Summit 2022 - How Should Founders Look at VCs
Speaker(s):
Joon Ian Wong,
Travis Scher,
Amos Meiri,
Peter Najarian ,
Jeffrey Amico
Held on:
21-03-2022
Written on:
21-03-2022
On Venture capitalists and founders
- Venture Capitalist in web2 and web3 not that different
- give guidance, capital which founders needs
- when tech has matured, then it might be different
- naive to believe that web3 companies can mature without expertise of VCs
- founders do want the help
- Difference: hyper competitive
- Founders need to decide if they want the capital or the help
Having a warchest and help (half rugged)
- communication takes place much openly on twitter
uhh they rugged the livestream
Governance Tokens (half rugged)
- Governance tokens sitting on the sidelines
- VCs have a team to decide how to vote
On talent moving on web2 to web3
- Number of A-players entrepreneurs entering the space is insane
- Jeffrey Amico agrees
- Growth of Decentralized Finance showed the use of intermediary software as a proof of concept
If you had to pick some things to actively invest in
- scaling and enabling new types of applications
- regulation coming in a real way (good thing)
- permissioned Decentralized Finance
- base layer protocols
- digital identity
- defi for real world assets
- Application specific blockchain (doesnt this sound like Subnets)