> What matters to investors is that Web3 is the hot new thing and the entrepreneurs are piling in.
Bingo. This is why Web3 still exists and people keep talking about it. It’s driven entirely by people trying to force opportunity.
Bingo. This is why Web3 still exists and people keep talking about it. It’s driven entirely by people trying to force opportunity.
https://arstechnica.com/tech-policy/2017/12/iced-tea-company...
That shit was 2017. Can’t believe it’s almost five years already.
I'm sure that there are some investors who feel like this, but "investors" is such a big group that it really doesn't make a lot of sense to speak about them as a homogeneous whole. There's the r/WSB crowd for sure, but there is also hedge funds, day traders, pension funds, family offices, sector funds, dividend focused investors, commodities traders, forex traders, distressed bond investors, HFT market makers, etc etc etc. Most of these groups are barely going to be impacted by Web3, if at all. The hype-driven FOMO crowd is a very small portion of the overall investing community.
They're saying that the folks who invest in new software startups (like ycombinator) are a little too buzz-wordy, a little too influenced by "disruption opportunity" and as such are constantly trying to invest in "the next thing", and in this case, that is web3.
I think the counter to that is that many investors are trying to invest in good teams and not necessarily good ideas, because many (most?) unicorns look very different at $1B as they did at employee #1, with a very different product. Good teams with bad ideas can pivot and succeed, but bad teams with good ideas can still fail.
Pretending like this is some unique feature of crypto is no less disingenuous than those who say that web3 is inevitable.