Just read a post about a VC's interest in Web 3.0.
This is the link to the post: https://forkast.news/video-audio/temasek-state-fund-is-nurturing-web-3-0/
The back story is that one of Singapore’s state investment vehicles, Temasek, is said to be interested in the crypto space.
In my last post, I discussed how VCs may not be very interested in Hive, and more interested in building their own.
The excerpt below gives a nice indication of what VC may be thinking.
Strategic approach: “When we first started, we didn’t go all in. The approach we generally take in areas like this — especially in the crypto and blockchain space — was to build a deep understanding. First, do we understand the technology? Do we have conviction? And then we slowly build our way. We’ve now built five startups in the broader data portability, open infrastructure space. We started by doing small investing initially, mainly through fund structures. And as we found projects of interest and actually saw real innovation, we’ve now stepped up to … a pretty broad fund investment portfolio, but also direct investing.”
I feel eventually they are keener on starting projects as close to the base layer as possible.
I may be wrong. What do you think?
