Don’t know how you define “VC”. To me, investing in a bunch of start-up companies, sitting on their boards, raising LP funds pretty much makes Ten31 a VC.
Obviously, y’all have a niche investment thesis but it doesn’t change that you’re a VC.
Discussion
Nah I’ll never be a VC
Sats flow engineer.
Except Ten31 isn’t doing the sats flow. He is allocating capital to companies doing the WORK and then advising others to flow sats. They’re taking a cut of their LPs’ capital.
Thats like the literal definition of VC…
The middle man is unnecessary. Funds are unnecessary. Bitcoin fixes this.