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Hold Steady: The Art of Long-Term Accumulation
Venture capitalists often employ a strategy of long-term accumulation, allowing them to hold onto investments for years before deciding to sell. This approach is exemplified by large ventures like Maker, which was held for half a decade until signs indicated it was underperforming. VCs can afford to wait, only selling when they deem the project clearly unsuccessful or when it's time to wind down their funds. The potential success of decentralized AI and similar projects can draw significant belief and optimism, provided they don’t show clear signs of failure. As enthusiasm grows, it's crucial to remain cautious, understanding that discussions around investments are not financial advice, and one should be wary of the risks involved.