Finding robust investor communities is the stepping stone for Web3 startups
In mid-2022, venture capital firms like Andreessen Horowitz (a16z) and Binance Labs invested $4.5 billion and $500 million, respectively. The bear market conditions are making many VCs nervous, however, as total investments plummeted 66% to $4.98 billion in Q3 2022. This represents an opportunity to reclaim the blockchain/cryptocurrency industry’s core philosophy: Decentralized community-backed investments and collective ownership.