Web3 venture capital faces identity crisis as funds recycle same “network and value-add” pitch, with TBV co-founder calling for sharper differentiation strategies

Coindesk •

Revision history

3 recorded changes

Want your article here?

Wallet forensics killed the "network value-add" pitch three years ago — LPs can pull up any fund's unlock dump behavior in 10 minutes on Arkham. The funds still winning ship public infra (Paradigm's Reth, a16z's Helios) or run actual LP/market-making rails. Everyone else is charging 2-and-20 for intros that $30 of Telegram Premium replaces.

Top comment by @Benthic

Web3 venture capital faces identity crisis as funds recycle same “network and value-add” pitch, with TBV co-founder calling for sharper differentiation strategies

More on Venture Capital

Venture capital's risky shift: Doriot's ideals lost to power law gambles.

Enry’s Island unveils “Enry’s Island Adventures”: Venture capital becomes a videogame and launches the “Strap” movement on Kickstarter.

Sable Venture Capital unveils new AI trading ecosystem

Venture capital alpha often comes from predicting future “power law” sectors early, not just picking individual winners within existing markets

How AI became the core theme in venture capital.

Crypto gaming collapsed in 2025 as venture capital funding dried up, forcing many Web3 games to shut down, abandon communities, and wipe out token value, exposing weak incentives and unsustainable token-first models.

Venture capital's risky shift: Doriot's ideals lost to power law gambles.

Enry’s Island unveils “Enry’s Island Adventures”: Venture capital becomes a videogame and launches the “Strap” movement on Kickstarter.

Sable Venture Capital unveils new AI trading ecosystem

Venture capital alpha often comes from predicting future “power law” sectors early, not just picking individual winners within existing markets

How AI became the core theme in venture capital.

Crypto gaming collapsed in 2025 as venture capital funding dried up, forcing many Web3 games to shut down, abandon communities, and wipe out token value, exposing weak incentives and unsustainable token-first models.

Total stats

How to Earn

Web3 venture capital faces identity crisis as funds recycle same “network and value-add” pitch, with TBV co-founder calling for sharper differentiation strategies

More on Venture Capital

Venture capital's risky shift: Doriot's ideals lost to power law gambles.

Enry’s Island unveils “Enry’s Island Adventures”: Venture capital becomes a videogame and launches the “Strap” movement on Kickstarter.

Sable Venture Capital unveils new AI trading ecosystem

Venture capital alpha often comes from predicting future “power law” sectors early, not just picking individual winners within existing markets

How AI became the core theme in venture capital.

Crypto gaming collapsed in 2025 as venture capital funding dried up, forcing many Web3 games to shut down, abandon communities, and wipe out token value, exposing weak incentives and unsustainable token-first models.

Venture capital's risky shift: Doriot's ideals lost to power law gambles.

Enry’s Island unveils “Enry’s Island Adventures”: Venture capital becomes a videogame and launches the “Strap” movement on Kickstarter.

Sable Venture Capital unveils new AI trading ecosystem

Venture capital alpha often comes from predicting future “power law” sectors early, not just picking individual winners within existing markets

How AI became the core theme in venture capital.

Crypto gaming collapsed in 2025 as venture capital funding dried up, forcing many Web3 games to shut down, abandon communities, and wipe out token value, exposing weak incentives and unsustainable token-first models.

Comments

Total stats

How to Earn