Most early-stage venture investors lack independent conviction and rely on FOMO
Diogo Monica · Diogo Monica – Securing Crypto at Anchorage Digital (EP.259, Crypto for Institutions 2, EP.06) · Jun 30, 2022 · at 54:15
Diogo Monica, co-founder and president of digital asset platform Anchorage Digital, shares his biggest critique of the startup fundraising and early-stage venture ecosystem.
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“I think it's less about the crypto ecosystem, but just investment ecosystem in general. I think one of my biggest pet peeves is this FOMO driven investment culture. And the whole, the first lead starts the round type of situation where until you have a lead, nobody commits. Once you have a lead, everybody wants to commit and everybody wants to lead. So I think this dynamic happens very commonly in early stage fundraising. And to me, it's always felt like there's just Lack of independent conviction in most early stage investors, and so it's consistently one of my biggest pet peeves.”
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