Essentially, this is providing a foundation whereby the established entities seek to control what is being developed. At some point, the users and the VC firms will be pitted against each other.
Truly, this is the crux of the issue. Many love to see those x10+ gains from outside money in the short term, not realizing that this gain is either short-term or a play to takeover the network and control it. Networks that become controlled by VCs will have their growth stunted by exponential margins in the long run. Everyone thinks you need that VC money to develop cool stuff... VC money is the opposite of what you need if you actually want to control your own destiny.
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Especially when we have the ability to fund a lot of it ourselves.
Off that an industry that can create its own money still is depending upon VCs for advancements.
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