Bugs In The System

On capital allocation, hard problems & incentives

Hey there,

I have been writing about the state of venture capital in Web3 since 2019. In all my years of writing, the data has driven the story. When you don’t understand the meta-game of what is going on, the numbers define how you see the world. The current cycle gives me time to think and reflect on what is happening. This piece summarises some of my …