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Venture Capital in a Decentralized World

In a few years, data startups, consumer apps, and software vendors will rise and grow - the same as today.Some of them will employ the four fundamental innovations of web3: permanent ownership, paying customers with “equity,” regulatory arbitrage, and new governance models (DAOs).
Tomasz Tunguz • The End of Web3 by @ttunguz
The Three Components of Crypto Success: Product/market fit, Community participation, Sufficient decentralization (community ownership)
The need for product/market fit is obvious. Without a product people want, there are no users, no business, and it will be difficult to sustain a community for long. Community participation and decentralized control
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