Yes and no. At some point VCs are gonna have to emerge that do carry small companies.
I’d love to see 1031 be one of these VCs.
Discussion
I disagree. We don’t need many of these VC backed small companies. If they are offering something of true value, they can raise debt / support from a more well capitalized company that will pay for the rights to the idea.
The modern tech VC model is a fiat artifact.
Not all VC are big. Hopefully one day none will be.
take a look at what ten31 did with GRIID, total retail dump and then sell the company to Cleanspark. probably bailed a few people out right before the M/A announcement but Marty was talking to Harry and they were talking up how they wanted to build the company for the long term.
https://www.tradingview.com/symbols/NASDAQ-GRDI/
https://www.youtube.com/watch?v=CHafbAJkxkY
Not to mention samurai was targeted by feds, did ten31 not anticipate that? yet to be seen how that shakes out.
bitcoin VCs are just VCs. the suits are us bro
don't trust anyone