zlacker

>>donsup+(OP)
The last few weeks (months, really) has highlighted an incredible lack of discernment in the VC-verse wrt the thing we call web3. Now. I have no experience doing what YC does and don’t claim to, but the jig here was so transparent that the smallest drop of “street smart” should’ve been enough to set off some alarms.

We’re approaching a point where being passed over for “culture fit” is a compliment. Hopefully the embarrassment is enough to expand the founder vetting checkboxes.

>>okwubo+x7
Probably not much else to invest on right at this moment, at least not at this level ("small" start-ups wanting to "change the world").

I was honestly believing that the web3 bullsh.t were just some young people who didn't know any better or some scam-artists (or both), I didn't actually think for a second that a "serious" VC like YC would put money into something like that. Looks like I was wrong.

>>pagane+4b
Huh, my take all along was that web3 terminology was specifically designed to “pretty up” blockchain related things to make it palatable to VCs, by implying that it was going to be the next internet and you need to get on now.