Just received another request to advise a “Web3” music tech company that went through Solana's accelerator (TIL there's a Solana accelerator). It's remarkable how these crypto Ponzi solutions-in-search-of-a-problem keep coming back around.
Discussion
It’s all because VCs can get early liquidity through their token issuances based solely on marketing hype. Way easier for them than finding a real business. Check out crypto VC websites and you’ll see they’re also conveniently deep into the market making business… I wonder why? 😉
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Honestly, you should take the side gig. They would be getting some solid advice from you.
Appreciate it, but not worth the hassle. They’ve made their big bet.
Web3 companies are like that friend who keeps trying to fix your unbroken toaster with a flamethrower. But it’s decentralized! Cool story my toast is now ash. How do you politely say touch grass to an entire industry?