0/ Exciting insights from chats with VCs at Blockchain Economic Forum #BEF2018:
1/ VCs want in on blockchain, but utility tokens/ cryptocurrencies offer no guarantee of rights. Blockchain startups raising traditional equity provide exposure to the growth of blockchain in a much more attractive format to VCs.
2) Very, very hard for "traditional" VC to have a wholesome crypto strategy unless it has a dedicated arm for crypto with full-time analysts. (VC) fund of (crypto) funds alternative is becoming more attractive.
3/ Some believe generalist funds will be rendered obsolete as ICOs with formalized equity rights emerge. Only VCs that provide specific know-how (e.g. subject matter expertise, cross-border connections) can survive.
