Tomaino: Few crypto funds will raise capital as LP scrutiny increases
Nick Tomaino · Nick Tomaino: The Future of NFTs, What Will Happen with FTX & Who Should be Held to Account | E1076 · 20VC with Harry Stebbings · Oct 30, 2023 · at 34:49
Nick Tomaino is the founder and General Partner of 1confirmation, a crypto seed firm. He discusses the upcoming fundraising climate for crypto venture capital funds.
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“I don't think many crypto funds are getting raised. And I think LPs are going to get a little smarter and do more diligence and not just you know, deploy You know, like crazy into you know, fund managers that don't really have any unique insights or defined strategy. You know, they're gonna start looking at results as well closely, and for even, you know, these big funds that maybe do some interesting things, if you don't have really quality returns I think LPs are gonna be More skeptical.”
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