Why VCs Suck

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The crypto industry is two, three years more mature. There's also been two to three years of adversarial relationships between VCs and retail investors. And so I think this episode will be helpful for that. Big list citizens can access that now on the premium feed David and I forgot so Richard reminded me of that episode. His was one of the first tweets that actually lit the match for the downfall of SPF.

Today on the Pod, we're discussing Why VCs Suck. And who better to answer that question than VCs themselves?

We're joined by Nick Tomaino and Richard Chen of 1Confirmation to discuss the role of VCs in crypto, the outlook on the markets, and how retail should prepare for the next cycle.

------ ✨ DEBRIEF | Unpacking the episode: https://www.bankless.com/debrief-1conf ----- 🏹 Airdrop Hunter is launching TOMORROW https://bankless.cc/HuntersGonnaHunt ------ BANKLESS SPONSOR TOOLS:

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🗣️TOKU | CRYPTO EMPLOYMENT SOLUTION https://bankless.cc/Toku ----- Timestamps

0:00 Intro 6:00 Nick and Richard from 1Conf 7:20 The Price Cycle 11:50 The Signal Cycle 15:55 Tourist vs Purist 20:00 Why Do VCs Suck? 28:15 Raising vs Returning 32:40 How Transparency Shapes Crypto 38:30 VC Report Card 43:45 Holding Retail Accountable 48:30 Advice for Retail 51:15 How to Not Be Exit Liquidity 59:00 Should We End VCs? 1:03:10 How 1Conf Works 1:07:40 Crypto Native VCs 1:12:30 Looking to the Next Cycle 1:17:08 Prediction Markets 1:20:00 Crypto is Ready 1:24:00 Actually Using Crypto 1:28:20 L2s vs Alt L1s

----- Resources

Nick Tomaino https://twitter.com/NTmoney?s=20

Richard Chen https://twitter.com/richardchen39?s=20

1confirmation https://www.1confirmation.com/

Richard's Article https://showerthoughts.substack.com/p/thoughts-on-the-current-crypto-vc

----- Not financial or tax advice. See our investment disclosures here: https://www.bankless.com/disclosures⁠