Yes, the crypto community is clearly overweighting vision and underweighting execution.
If you're an entrepreneur right now, raising $5M+ from venture capital investors generally requires $1M in annual recurring revenue. To raise $5M+ in crypto, you need a 5-page marketing pitch. It's completely out of whack and unfortunately I think there will be a lot of pain before things change.
Yes, the crypto community is clearly overweighting vision and underweighting execution.
If you're an entrepreneur right now, raising $5M+ from venture capital investors generally requires $1M in annual recurring revenue. To raise $5M+ in crypto, you need a 5-page marketing pitch. It's completely out of whack and unfortunately I think there will be a lot of pain before things change.