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On angels, demons, and godfathers: Has the VC support model gone too far?
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ambcrypto.comWhat sets altcoins apart from Bitcoin? A verified Twitter account, token distribution to insiders, or founders who reveal their identities? Might the whole host of altcoin ‘Foundations’ and ‘Labs’ be a factor too? How about the blessing of an angel investor? Or all of the above?
Crypto and DeFi projects rely heavily on venture capitalists and angels who provide not just money, but a support system that helps budding projects look more legitimate. Who’s looking? The countless smaller investors searching for a sign from above.
Ranging from noteworthy players such as Solana to niche experiments like Worldcoin, powerful VCs hold and even sculpt different parts of the ecosystems that many enjoy calling ‘decentralized.’
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