41 sats \ 0 replies \ @kr 13 Feb \ on: The Coming VC Crisis bitcoin
The returns just aren't what they used to be. There was a run in the 90's and 2000's where a single hit would be enough to propel your fund into the stratosphere.
isn’t a single hit still enough to propel a fund “into the stratosphere”?
More recently, there was the ICO/token craze which got VCs insane returns, mostly by scamming retail.
can you share the number of firms that got “insane returns” from ICOs? my impression is that most traditional VCs never touched ICOs, and that this phenomenon was mostly confined to a small set of “crypto” funds, not really indicative of the broader VC ecosystem.
Startups now are less healthy than startups from 20 years ago because they've been coddled by too much money.
what is your measure for startup health?
There simply isn't that much room left at the top.
i’m not sure i follow here. how does the protection of google or apple or amazon limit the ability of an entrepreneur to start a successful venture? this seems to assume that all entrepreneurs are directly competing with a handful of large tech companies.
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