I met some of these VCs at nostrica.
Do you think there is a misalignment of incentives between VCs (person or funding) and an open permission-less ecosystem?
VCs want to capture and dominate market as it is the best way to make profits, which is a centralization risk.
On the other hand, Nostr yearns to have community-driven governance with a much lower time preference than typical VC cycles.
I’m not saying VCs are dirty. The ones I met were really awesome people. I’m saying there may be forces out of their control that they have to succumb to that puts the openness of Nostr at risk.
Curious to hear your thoughts on this.
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The problem is its very easy for investors to strike a deal with you to help you accomplish one thing, then turn around and do something totally different and expect you to be beholden to them. Grants are the way, but not always easy to come by. Id also rather pay a few bucks a month to help keep clients and relays going then have Nostr lose what it is. I know some things are expensive to operate on your own. So we should come up with some creative solutions to help devs sustain.
VC is profit driven, though some of them mentioned to me that they have quota only for non profitable invest, let’s say, for reputation. If I am a VC I don’t see any business model via a client because zap for developer will always be more efficient to make a better product so finally VC backup client won’t win and zap for developer client will have better experience. But other things based on nostr may worth to invest like private relay infrastructure.