Tomaino: Crypto VC Funds Should Downsize After Raising Too Much Capital
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 32:55
Nick Tomaino is the Founder and General Partner of crypto seed firm 1confirmation. He is discussing capital oversupply and sizing in the crypto venture capital industry with host Harry Stebbings.
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“A hundred percent. I mean, this is again, a generalization, but I think way too much money was raised. You know, you had people raise billion dollar funds that just had no unique insights or you know, no investing prowess really or anything like that, but they, You know, had a you know, a brand name and access to institutions, whatever it is.”
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