A prominent and respected crypto VC did an interview recently and was asked about KPIs for measuring the success of a VC fund.
His list:
1/ Returns of the fund
2/ Brand + ability to win deals
3/ Ability to raise from LPs
Am I the only one surprised by this?
Yes, VC is a business, you need returns, but… that’s it?
Look at all the chains with 0 users: Movement, Story ($IP), StarkNet, Blast, Mode.
Profitable for early investors, but failures for everyone else. Some even net negative for the industry.
These aren’t “bold experiments.” They’re deals everyone knows will be worthless, but good RR, so LFG.
Early investors made bank on Movement, Mantra, Blast, Story. But should we call that success?
Success is just about getting in and out before anybody else?
Sequoia homepage says “We help the daring build legendary companies.” At least, there is a statement.
Do crypto VCs actually care about investing in anything valuable?
The flex of any crypto VC is we got into Z at X and sold at 1000X.
That's fine but I've seen few flexing about MAU and ARR of their portfolio.
Is it that hard in 2025 to back projects that make money and make crypto a better industry?
If T1 VCs define success this way, what hope do we have from T2/T3?
Show original
7.67K
23
The content on this page is provided by third parties. Unless otherwise stated, OKX is not the author of the cited article(s) and does not claim any copyright in the materials. The content is provided for informational purposes only and does not represent the views of OKX. It is not intended to be an endorsement of any kind and should not be considered investment advice or a solicitation to buy or sell digital assets. To the extent generative AI is utilized to provide summaries or other information, such AI generated content may be inaccurate or inconsistent. Please read the linked article for more details and information. OKX is not responsible for content hosted on third party sites. Digital asset holdings, including stablecoins and NFTs, involve a high degree of risk and can fluctuate greatly. You should carefully consider whether trading or holding digital assets is suitable for you in light of your financial condition.