> Selling $1 for 90 cents works only for a limited time.
That's the point with VC money, for some markets. By burning the entire market for everyone else, you can then own it. At smaller scales and for some products this sucks because VC money distorts the market for otherwise perfectly/better designed products but that don't have the same monetization possibility.
I believe it's one reason so much VC money pouring into web3 now. They aren't about to let an actual decentralized vision take hold.
That's the point with VC money, for some markets. By burning the entire market for everyone else, you can then own it. At smaller scales and for some products this sucks because VC money distorts the market for otherwise perfectly/better designed products but that don't have the same monetization possibility.
I believe it's one reason so much VC money pouring into web3 now. They aren't about to let an actual decentralized vision take hold.