VCs don’t invest because your business has a bright future as a valuable, sustainable operation . Not anymore.

The crypto dynamics have shifted the expectations so far to cheap, quick moment they most VCs, especially the a16z kind are more about “Can I juice this business and it’s metrics enough to sell it to someone to hold the bag”.

Ironically I think the large numbers involved are basically part of that PR game - they act as proof that the business is worth it and attract attention and bagholder interest.

The crypto economy worked like that too - the NFT wash trading, the signal metrics used to sell the idea that there is value where there is none.

Probably something something wework too.