VCs, not antithetical to the ethos of Web3?

In this episode, Laide chats with Maria Shen, partner at Electric Capital - an early stage venture firm focused on cryptocurrencies, blockchain, and the Web3 ecosystem. Maria sheds some light on how Venture Capitalists (VCs) add value to the web3 ecosystem even though some may see their participation as antithetical to the ethos of web3. We chat about which blockchain applications and opportunities she's most excited about. Maria also shares more about Electric capital - what's next for them, typical check sizes, and their current hiring needs. Topics & Timeline1:35 - Maria's background & interest in Web3/Blockchain3:57 - Why the remittance use case of the blockchain hasn't taken off as expected5:44 - Electric Capital & how they differ from traditional VC firms7:44 - How Venture Capitalists (VCs) fit into the Web3 ecosystem11:10 - On whether VCs own web312:43 - Why Web3 founders seek funding from VCs14:09 - How Maria & Electric Capital evaluate investment opportunities16:10 - Electric Capital's time horizon for returns on investment17:10 - On NFTs21:11 - Exciting opportunities in Web327:30 - On the Metaverse31:32 - Other areas of interest for Maria & Electric Capital33:10 - Whether there'll eventually be consolidation of the various chains38:10 - Typical check size of Electric Capital's investments40:40 - What's next for Electric CapitalLinks from this EpisodeElectric CapitalMagic EdenKomorebi CollectiveFollow on Social Media Maria ShenElectric CapitalKomorebi CollectiveLaideOnchain Medley Podcast