Tomaino calls VC fund size focus the fakest part of venture
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 28:59
Nick Tomaino, founder of crypto VC firm 1confirmation, discusses industry transparency and performance measurement with 20VC host Harry Stebbings.
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“Yeah, a hundred percent. I mean, I, to me, it's one of like the fakest parts of venture capital. It's like everyone, it feels like everyone's competing for prestige. Everyone talks about fund size or, you know, is trying to get press. These kind of vanity you know, metrics that that aren't really related at all to What the job really of a venture investor is, which is to deliver, you know, good returns for their LPs.”
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