https://twitter.com/mccannatron/status/1480977556673232897

8 Reasons Why Web2 VCs are NGMI

1、Decision Making: Web2 VCs take weeks (at best) to make investment decisions. Web3 VCs commit in days. Moving at Race speed is a must.

2、Network Participation: Web2 VCs do passive investments and at most sit on boards. Web3 VCs need to be active community contributors and good stewards in governance decisions.

3、Walk the Walk: Web2 VCs say they are long term investors Web3 VCs have to prove it.

https://twitter.com/mccannatron/status/1479176459981787136

4、Ownership: Web2 VCs want to own 20% of your company. Web3 VCs know they shouldn’t own 20% of a decentralized network.

5、Pro-rata rights: Web2 VCs require pro-rata for investors. Web3 VCs know pro-rata makes no sense with a fixed token supply.

6、Creator Centric: Web2 VC’s love to talk about the “future of creator economies”, but none of them own any JPGs. Web3 VCs have to practice what they preach.

7、Being Helpful: Web2 VC’s love to talk about helping to bring you Fortune 500 customers. Web3 VCs have to be the early liquidity providers & users themselves to help bootstrap the network and protocol.

8、Be Native: Web2 VC’s don’t even know what NGMI means (without googling). Web3 VCs have to be crypto native by default and span across multiple networks. /fin

ps.Not Going To Make It（NGMI)