We’re willing to bet investors and venture capitalists have a strategy before they put millions of dollars behind the next big idea. 💸
Lucas Matney, Senior Editor at TechCrunch, moderated a panel
🎤 during ETHDenver with investors about what innovations excite them the most. Here are three takeaways:
Diversity is key
Sutian Dong, Co-founder of Global Women in VC, said diversity plays an important role when it comes to investing in tech start-ups. “What we’re looking for are non-consensus, non-obvious ideas started by diverse individuals who see the world in a way no one else does,” she said. 🌎
Flexibility is also something that investors need to keep in mind if they’re interested in Web3 projects — both on the technology side, but also when it comes to deal flow. 💵 “If you’re not flexible, then you’re probably in the wrong space,” said Kelly LeValley Hunt, Founder and CEO of Mint Gold Dust. She also emphasized the importance of understanding the technology you’re investing in and believing in its vision so you can sell it.
Think ahead 🔮
Jake Bruckman, Founder and CEO of CoinFund, said his blockchain investment firm looks for new technology that is both trend- and thesis-driven. “Investors need to be able to predict which projects are going to catch on,” he said. CoinFund is the same company that was an early investor in the NFT space — so they must know what to watch out for, right? 😉