ICYMI: Sequoia Capital explains what crypto founders want from VCs
Sequoia Capital has been invested in crypto since 2015, but the VC firm recently raised the stakes byIn this episode of The Scoop, Sequoia partners Shaun Maguire and Michelle Bailhe sit down with host Frank Chaparro to discuss Sequoia’s new fund and explain how the power dynamic between venture firms and crypto native founders has evolved.“Crypto founders now have a lot more options than they did in the past.
So what are these crypto-native founders looking for when it comes to selecting VC firms? Maguire believes they are looking for funds that can keep pace with the fast-paced crypto industry: “Crypto moves so fast, crypto founders want to work with funds that can move incredibly fast, they want to work with funds that deeply understand their problems, deeply understand the landscape. Those properties are primarily going to live within crypto specific funds rather than in generalist funds.
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