Muab cov sib kis thiab kev ntxhov siab peb tau pom txij li Sam Bankman-Fried's crypto pauv FTX tau muaj ntau txhiab lab daus las coronary tam sim ntawd, koj yuav raug ntxias kom xaus tag nrho cov kev lag luam crypto yog coj mus rau Tshooj 11 kev lag luam lag luam loj nyob rau saum ntuj, thiab tsis muaj leej twg nyob hauv lawv txoj cai. lub siab tejzaum nws tseem muaj kev ntseeg rau nws.
Thiab tseem, txawm tias nyob rau hauv qhov txias txias ntawm Crypto Lub caij ntuj no, venture peev tseem nchuav rau hauv qee cov neeg tsim muaj hmoo.
Analysts ntawm Pitchbook daim ntawv qhia tias crypto VC kev nqis peev hauv 2022 (lub xyoo siab phem thoob plaws txhua lub thev naus laus zis) tau tshaj tawm ntawm ob qho tib si fintech thiab biotech, rub hauv $ 6.5 nphom hauv 12 lub hlis dhau los, $ 879 lab ntawm nws hauv peb lub hlis dhau los.
Tsuas yog saib lub lim tiam dhau los lossis yog li ntawm kev tshaj tawm kev lag luam crypto. Koj yuav pom ib $ 4.75 lab ib puag ncig rau ib yam hu ua Earn Alliance. A $ 70 lab nce rau ib yam hu ua Ramp Network. Ib tug ntxiv $ 15 lab rau Roboto Games, $ 3.1 lab rau NFT kev ua si Hlawv Ntsuj Plig, thiab ib qho vertiginous $ 72 lab rau tus tsim lag luam Keyrock. Muaj txawm giddy npaj rau $ 2 billion metaverse fund los ntawm Animoca Hom, thaum crypto derivatives pauv Matrixport, coj los ntawm qub Bitcoin mining kingpin Jihan Wu, yog kev tua phom rau $ 100 lab nce - ntawm tus nqi ntawm $ 1.5 billion.
Nws yog ib qho yooj yim to taub yog vim li cas cov tuam txhab lag luam peev tseem pheej ua cov kev pheej hmoo no. VCs zoo li sharks-lawv yuav tsum ua luam dej los ntawm kev nqis peev hauv crap (thov txim, "txoj kev siv thev naus laus zis") lossis lawv yuav tuag, txawm tias hauv khw dais. Tab sis vim li cas lawv thiaj muab lawv tej kev nplua nuj mus ntxiv rau tej yam uas ua tsis tau?
Txhua qhov chaw koj saib, kev lag luam zoo nkaus li nyob rau hauv tag nrho tail-spin. Tsuas yog lub hli dhau los, Multicoin Capital, Kyle Samani yav dhau los lub dav hlau ya thiab exuberant ruaj khov, tau nws cov cuab tam khov vim raug FTX. Qee qhov nyiaj txiag loj tshaj plaws hauv qhov chaw, xws li Babel Nyiaj Txiag, Peb Lub Tuam Txhab Peev, thiab FTX tus kheej caj npab, ua rau qee qhov tawg loj tshaj plaws. Lub hnub qub-studded tuam txhab uas muag zoo li Blockstream, lub sijhawm no, tab tom sau lawv cov nqi qis los ntawm xaj ntawm qhov loj, thiab $ 1.5 billion tus nqi nrhiav los ntawm Matrixport zoo li zoo me ntsis piv rau $ 32 billion tus nqi ib zaug tau txib los ntawm nws cov neeg sib tw tam sim no tuag.
Tag nrho cov no tau ua rau pom tseeb chilling nyhuv. Txhua lub tuam txhab VC thiab qhov project uas kuv tau hais rau hais tias lawv tau ceev faj ntau dua li yav dhau los hais txog kev nqis peev. Tus cev lus Coinbase tau sau ua tib zoo hais tias cov nyiaj tau "nruam."
Animoca Brands CEO Yat Siu, lub sijhawm no, hais rau kuv cryptically hais tias "qee qhov kev pom zoo yuav tsis ua rau muaj kev nkag siab ntau npaum li lawv tau ua ob peb lub hlis dhau los vim muaj xwm txheej kev lag luam lossis kev hloov pauv ntawm kev ntsuas."
Ramp Network ua lag luam tus thawj coj Paulina Joskow tau hais rau kuv tias nws tau hnov txog ntau txoj haujlwm ua tsis tau raws li qhov yuav tsum tau ua, nrog rau ntau qhov kev sib cog lus poob mus txog thaum kawg. Ntau qhov haujlwm, nws hais ntxiv, tsis txhob tos ntsoov rau qhov loj dua li Series B ua ntej VC kais kaw. Kevin de Patoul, tus thawj coj ntawm lub khw lag luam Keyrock, tau hais tias nws tau pom qhov tseem ceeb tshiab ntawm "kev mob siab rau" - qhov tsis zoo tshaj plaws hauv lwm qhov kev lag luam, tab sis qee yam ntawm kev hloov pauv hauv crypto.
Tab sis yim-daim duab nce thiab kev ntsuas saum ntuj-siab tseem nyob rau ntawd, feem ntau ntawm nws los ntawm cov neeg xav phem ib txwm. Cov no yog cov tuam txhab muaj peev txheej zoo uas paub thaum twg yuav tau nyiaj tawm thiab yuav tswj hwm li cas. Lawv cov qib suav nrog cov neeg koom nrog kev lag luam xws li Ripple, Coinbase Ventures, Paradigm, Polychain Capital, Pantera, thiab tus ntxhw hauv chav, Andreessen Horowitz. Lawv tau koom nrog cov tuam txhab los ntawm Web3 sector, xws li Animoca Brands, uas yog nce qhov kev cia siab tias $ 2 billion metaverse fund. (Tseem muaj ob peb tus kws paub tsis meej xws li VC tuam txhab "gumi Cryptos Capital," Argonautic Ventures" thiab "Harrison Hlau.")
Xav tias txoj hauv kev tseem ceeb ntawm cov tuam txhab no nyob hauv av tsuas yog tsis raug rau FTX. Paradigm, uas tau nqis peev hauv kev sib pauv, tswj kom nyob deb ntawm FTX's FTT shitcoin. (Txawm tias qhov ntawd yog qhov tshwm sim ntawm kev tsim txiaj ntsig kev nqis peev los yog hmoov zoo yog rau kev sib cav.)
Tab sis kev paub suav, ib yam nkaus. Animoca's Siu tau hais rau kuv tias nws lub tuam txhab tau kawm ntau yam los ntawm kev ua kom ntev "qhov txias dua thiab ntau qhov txwv tsis pub" ntawm 2017-2019 dais lag luam. Puas yog qhov ntawd txhais tau tias "crypto haiv neeg" VCs sawv cev zoo dua li cov tuam txhab cog qoob loo hauv ntiaj teb nyiaj txiag zoo sib xws? Tsis txhob hnov qab, tom qab tag nrho, tias FTX cov nyiaj txiag loj tshaj plaws tsis yog Animoca lossis eGirl Capital, tab sis legacy titans Tiger Global, Sequoia thiab Softbank. Puas yog cov npe uas tsis yog-crypto-hais lus yooj yim heev rau SBF cov nkauj thiab seev cev?
Nws tseem yog qhov nthuav kom pom qhov twg cov nyiaj tom qab npuas mus yam tsis muaj tag nrho cov hype qab nws. Ntau lub tuam txhab VC thiab cov haujlwm ua haujlwm uas kuv tau hais nrog txij li qhov kev sib tsoo tau hais txog qhov pom tseeb thiab rov ua dua tshiab rau "kev lag luam" kev nqis peev.
Chris Perkins, ntawm VC tuam txhab Coinfund, tau hais tias ntau qhov kev puas tsuaj ntawm 2022 tsuas yog lees paub nws qhov kev ua tsov rog ntev ntev ntawm cov tuam txhab crypto hauv nruab nrab. Nws ntaus nqi nws lub tuam txhab txoj kev muaj sia nyob mus ntxiv kom zam dhau cov haujlwm ntawd.
"Raws li peb tau pib saib cov koom haum hauv nruab nrab poob sib nrug, nws - thiab kuv tsis tau hais tias peb xav tau nws - tab sis nws ntxiv dag zog rau peb cov kev tshawb fawb uas peb yuav tsum nyob twj ywm tsom mus rau cov thev naus laus zis tsis sib xws," Perkins hais rau kuv. Tom qab qhov kev sib tsoo, nws tau mus kom deb li deb tau txiav txim siab nws cov ntaub ntawv ntawm ntau qhov kev nqis peev hauv nruab nrab. (Txawm hais tias nws tau hais tias obliquely: "Peb tau ua ntau yam kev xav kom txo qis kev pheej hmoo ntawm tus neeg sib tw.")
Nws yog qhov tseeb tias ntau qhov haujlwm tau txais nyiaj txiag yog qhov tseem ceeb "infrastructure" tej yaam num. Peer-to-peer Bitcoin kev qiv nyiaj raws tu qauv Finterest tau tsa $ 1.5 lab, piv txwv li, thaum Fleek, uas tuav cov ntsiab lus digital hauv txoj kev faib tawm, tau nce $ 25 lab. Thiab muaj ib party of lwm yam decentralized tej yaam num uas tau nce nyiaj tom qab-FTX teeb meem, tab sis tsis yog txhua txhua tame thiab uncontroversial: ntau tiag tiag txhawb infrastructure rau tej yam xws li high-stakes, decentralized derivatives trading.
Qhov kev xav yog tias kev faib tawm thev naus laus zis yog pob tshab thiab tsis muaj kev lav phib xaub rau hom nyiaj txiag chicanery uas coj los FTX. (DeFi degens tau qw txij thaum FTX vau, "Qhov no yog vim li cas koj yuav tsum tsis txhob muab koj lub crypto txiaj ntawm kev sib pauv hauv nruab nrab!") Tab sis tsis yog Terra, lub algorithmic stabilitycoin uas tau txais yuav-hauv los ntawm Coinbase thiab Galaxy, tsi decentralized? Thiab tsis yog ib polycule, technically, kuj kinda decentralized? Zoo li cas?
Nws yog ib qho tseem ceeb uas yuav tsum nco ntsoov tias "kev coj ncaj ncees" muaj nyob rau ntawm qhov ntev heev thiab muaj kev sib txuam - nws yeej tsis muaj tseeb, thiab nws yeej tsis muaj kev ntseeg kiag li. Qee zaum nws tsuas yog tso cai rau koj los saib xyuas hauv lub sijhawm tiag tiag vim qhov kev dag ntxias tshwm sim thiab "pom meej" tso koj lub neej txuag.
Yog li nws tsim nyog nug: Puas yog tus phooj ywg-rau-tus phooj ywg Marxism token reaping VC nyiaj tiag tiag "txoj kev ncaj ncees," lossis ua nws peb tus tsim tawm tsuas yog khiav txhua qhov kev thov tshiab los ntawm kev tswj hwm kev coj txawv txawv thiab kev sim uas tsuas yog raug cai hauv Estonia? Nco ntsoov tias yuav luag txhua lub tuam txhab "decentralized" kuv tau mus txog kom muaj lawv tus kheej hauv tsev PR. Yuav ib mempool xa tawm ib lub kaus poom PR quote?
Tsis yog qhov kev hloov pauv mus rau kev faib tawm ib qho kev cuam tshuam loj heev, thiab tseem muaj cov cim qhia ntawm qhov qub nyiam mus rau crypto esoterica. Ib lub tuam txhab hu ua Dogami peddling cov dev uas siv tau los ntawm qhov chaw sab nrauv xwb tsa $ 7 lab, tau pom meej pom muaj 200,000 tus neeg siv khoom muaj zog. thiab kev ua si blockchain raws li qhov nrov 80s football manga series "Captain Tsubasa" muaj tsa $ 15 lab.
Cov phiaj xwm no tsis pom tseeb kev nyab xeeb kev twv txiaj los ntawm ib qho qauv. Lawv nyob rau hauv qhov tseeb suab heev 2017 ICO era. Tab sis VCs tseem ntseeg hauv crypto.
Nyob rau hauv ib tug kev sib tham nrog reviled qhov hluav taws xob Qhov Thaiv, Dogami tus tsim tau hais tias VCs tau ua "ntau" ntawm kev mob siab rau ua ntej hnoos nyiaj ntsuab.
Siu ntawm Animoca, uas tau koom nrog Dogami ua ntej, hais rau kuv tias "txawm li cas los xij, esoteric thiab tej zaum txawm tias zoo nkauj" qhov project yuav yog, "koj xav tau cov ntsiab lus txhawm rau tsav kev thov." Nws hais ntxiv: "'Tsim nws thiab lawv yuav los' yog lub tswv yim nyuaj thaum tsis muaj kev thov. Koj yuav tsum muaj ob qho tib si kom lawv muaj peev xwm pub tau ib leeg. "
Los yog tej zaum nws yog qhov qub-tsev kawm ntawv, 2000s-era tech silliness uas cov haujlwm tshwj xeeb no ua rau, tso cai rau lawv khaws lawv cov ntiv taw hauv qhov gaudy thiab muaj txiaj ntsig zoo dua Web2 ntiaj teb. Burn Ghost, uas tau tsa $ 3.1 lab thiab txhim kho kev ua si xws li kev xaiv NFT khoom plig, muaj "ntau qhov hloov pauv ntawm qhov peb pom peb cov players, thiab tsis yog nyob ntawm kev lag luam crypto nkaus xwb," nws tus tsim thiab CEO, Steve Curran, hais rau kuv.
Tau kawg, tsis muaj leej twg lees tias cov tuam txhab xws li Burn Ghost thiab Finterest yuav yog cov unicorns hauv ib teev. Crypto's VC manic lub sij hawm yeej nyob ntawm qhov tsis zoo, tej zaum yeej tsis rov qab los tiag. Tab sis nws tseem ceeb heev npaum li cas nyiaj ntsuab, txawm nyob rau hauv lub sij hawm tsaus ntuj heev, muaj mus ncig.
Tau qhov twg los: https://finance.yahoo.com/news/crypto-down-bad-vcs-keep-141629450.html