VCs backing creators would be a net improvement over things like Record Labels (galleries, publishers etc) given that VCs tend to want 5%-25% instead of >80% and generally* have a more positive-sum mindset.
I'd hope that we can continue to cultivate onchain funding sources so that VCs have a lot of competition. If that happens, they will have to go above and beyond to be the best option amidst communities who may be able to offer the same amount of capital. Which would be great for all involved.
Either way, the ever increasing power of the creator is revealing itself.
I'd hope that we can continue to cultivate onchain funding sources so that VCs have a lot of competition. If that happens, they will have to go above and beyond to be the best option amidst communities who may be able to offer the same amount of capital. Which would be great for all involved.
Either way, the ever increasing power of the creator is revealing itself.