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Venture Capitalists Suddenly Realize They’re Rich Enough Not To Bother Investing In Anything Anymore Because That’s Just How The Game Is Played When You Have Daddy’s Money

News 1 Doug Martinez August 15, 2024

An illustration of a VC firm's office with empty chairs, while outside people are enjoying sunshine and playing games; inside there is only one person sitting at his desk looking out the window. The background shows Bitcoin and Ether charts rising steadily up to now but then dropping down sharply in an uncertain future direction. A few broken toys lie on the floor near a trash can labeled 'burnt-out trends'. In another corner, people are playing cards with some of them wearing masks indicating they're trying to hide their faces from something.

The VC firms have slowed down their crypto investments, but it’s not like they’re abandoning ship or anything (oh wait, maybe they are). According to Adam Cochran of Cinneamhain Ventures, the reason is “a bit nuanced”. You know what that means: a bunch of jargon-filled excuses for why they don’t want to invest in Web3 startups anymore.

Apparently, it’s because Bitcoin and Ether have been doing so well (60% average annual return over 10 years? yeah right) that VCs can just coast on those returns instead of taking risks with early-stage investments. It’s like having a trust fund kid who doesn’t need to work hard because daddy invested wisely.

And let’s be real, most crypto VC firms are just tech VCs trying to cash in on the hype by calling themselves “crypto” investors. They don’t get it and aren’t adding any value (except maybe to their own bank accounts).

It’s not like this is a surprise or anything – after all, we’ve been saying for years that most crypto investments are nothing but late-stage vanity projects trying to cash in on the last remaining narrative trends.

Source: cointelegraph

VC firms are slowing down crypto investments for a ‘nuanced reason’ — Venture capitalist
https://cointelegraph.com/news/venture-capital-crypto-firms-slowing-down-bitcoin-ethereum-returns
The cryptocurrency industry is rare in that the strong returns from Bitcoin and Ether allow investors to avoid the early-stage risks they must take in other industries, according to a venture capitalist (VC). “VCs have slowed investing in crypto by a lot, and it’s a bit of a nuanced reason,” Adam Cochran, partner at venture capital firm Cinneamhain Ventures, wrote in a thread of X posts on Aug. 9. Cochran […]

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About the author

Doug Martinez

Doug’s foray into NFTs was a monumental disaster, losing his entire life savings on digital junk that turned out to be worthless. Fueled by a mix of rage and disbelief, Doug crafts scathing, darkly comedic articles about the NFT madness. His writing cuts through the hype with bitter clarity, exposing the folly of the NFT craze. When he's not raging about his losses, he’s probably still trying to comprehend why he fell for this ludicrous scam.

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Disclaimer

The content presented on this site is intended solely for entertainment purposes and should not be taken as factual or reliable information. This site employs satire and humor to discuss global news, current events, finance, and cryptocurrency. The views expressed here are not meant to be taken seriously and do not represent the opinions of any individuals, organizations, or entities discussed.

Please be aware that the content may be exaggerated, fictionalized, or otherwise altered to create a comedic effect. It is not intended to provide financial advice, make accurate predictions, or offer any serious commentary on current events or financial markets.

Readers are encouraged to verify any claims or statements with credible sources and should not make any decisions based on the information provided here. This blog is not responsible for any actions taken based on its content. Always consult a qualified professional before making any financial or investment decisions.

Please do not hesitate to contact us if you have any questions or concerns.

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