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RE: In Blockchain, There Is No Competition!!!!
VC will be either dead or much reduced in ten years.
30 years ago many VCs said the same thing about the internet....
VC will be either dead or much reduced in ten years.
30 years ago many VCs said the same thing about the internet....
VCs suffer the delusion that they are innovators. What they really are are managers of risk . They operate far enough away from the edges of true innovation that they can safely create portfolios of companies with a high degree of certainty of overall profits. The actual level of innovation is irrelevant. And to them, innovation means a new business model. Processes that generate revenue and profits. While there is nothing inherently bad about this, it is not the same as inventing new ideas.