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I Pity Silicon Valley VCs with Their Web3/DAO Megaphone

And anyone who listens to them

0xAnn

Published in

DataDrivenInvestor

9 min readNov 15, 2021

Have you been noticing the trend on Twitter lately? Especially if your timeline is somehow filled with “tech bros” or VCs accounts from the TradFi world. It looks like a new trend is forming, with no apparent origin of who was starting it in the first place.

Yep. For some reason, Web3 and DAO are the current buzzwords among these folks. People with “Stanford” or [insert any FAANG tech company] or “Forbes 30 under 30” on their bio suddenly parroting DAO-related jargon out of nowhere.

However this trend originated, I have one message to them.

Shut up.

Please VCs, shut up. Shut up with all your DAOs and Web 3 narratives preaching and whatever bags you are — or will be — shilling. Shut up with your “new paradigm” or “disruption”.

First, DAOs are nothing new. You’re neither special nor you have this wonderful insight by discovering them. Do you think you are being early? You don’t. In fact, you’re pretty late and you…

Web3 is a hyper-capitalist future, where every image, every tweet, every pixel on the internet is an asset that someone owns, trades, and can speculate on. Is that a good thing? It depends on your politics. Also, the technology doesn't work. See…

I met with a VC a few months back. A friend and I are working on a blockchain project.

This guy from the VC reached out to setup a chat with us after we completed a hackathon.

Besides the fact he seemed to not know anything about our project, it…