Letters to a Young VC: Letter Nine

2 min readFeb 19, 2022


A collection of letters encompassing simple insights and recognition of foundational shifts that any bright minds trapped within the old norms of a VC mindset can use to break free, whether they are just starting their journey or reflecting back on what they wish someone had told them in their early days.

Letter Nine in the Letters to a Young VC series is now live.

Read the full piece on Mirror here.

Short Excerpt:

What happens to VC when founders and projects have alternative sources of capital that out-scale traditional debt & equity agreements?

With real web3 in full effect, founders no longer need to go down the winding roads of chasing venture funding, living on the whims of those who finance borrowed time and paper.

Frankly, web3 worthy of its own name is rooted in mechanisms that generate capital at its source, in ways that are independent from external capture and other corruptive factors. It’s a black swan sanctuary with variance swaps embedded directly into the foundational infrastructure of the ecosystem, project, protocol or whatever else you want to call it.

The SOP becomes no longer about powerpoint presentations, elevator pitches, spending time in cafes convincing disinterested parties about new ideas and groundbreaking opportunities using the theatrics of hype and long over-leveraged FOMO to expand exit liquidity, but rather, can the project actually meet the demand of the market and continue to maximise their own in-house and networked productive capacity?

Because, there is always demand for more capital. Always.

F₃Manifesto (F₃M) is a rally flag for the entire web3 fashion movement. It’s a label and realm that is built for so much than just the digital and physical threads and collections that it will spin up and release.




Rally flag for the entire web3 fashion movement. Web3 Fashion Manifesto.