VCs investing into a base layer network is *literally* a kiss of death, for a lot of reasons. Some of them are:
1. Forces monetization of the network
2. Network must be legalized into a company
3. Company must have known founders and team
4. #1, #2, #3 allow external actors to pressure the company to abandon neutrality
5. A VC-bought community never has the engagement of a grassroots community
These *especially* apply to base layer *social* networks.
Nothing against companies, VC, equity investing, etc… but these things are better suited for apps **on top of** a credibly neutral L1.
pourteaux
npub1yj…pv0ge
2022-12-27 15:19:55
Author Public Key
npub1yje6t4mkr7j2hntx60f8y4gfugjwau36mv2ln4ky2d0qxpprmk3q6pv0gePublished at
2022-12-27 15:19:55Event JSON
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