The quick-in, quick-out play is about to die out. A partner at Nomad Capital said it bluntly: founders now need to come with a two- to five-year business plan, and stop thinking about launching a project in a bull market just to make a quick buck and run.
Translated into plain English: the window for profiting from hype and a token listing is closing. In the future, projects with no real revenue and no long-term roadmap won’t have anyone left to take them on. For projects that are actually doing real work, this is good news: the junk gets flushed out, and the survivors’ valuations will have real support.
$BTC $ETH #Crypto #NomadCapital
Translated into plain English: the window for profiting from hype and a token listing is closing. In the future, projects with no real revenue and no long-term roadmap won’t have anyone left to take them on. For projects that are actually doing real work, this is good news: the junk gets flushed out, and the survivors’ valuations will have real support.
$BTC $ETH #Crypto #NomadCapital