Venture Capitalists And The Role In The Web3 Evolution

Technology rules the world today. The most valuable companies in the world are those that can harness the power of their technology and become more resolute over time. So, even if you’re not a native tech company, it will be virtually impossible for you to make headway in today’s world if you don’t have a tech function in your business model.

However, for native tech companies, investment is also a key driver of success. This is why many of them tend to raise funds and vie for more capital. The dream and skills to build something impressive are already there, but everyone needs money.

For tech companies, this money is readily available in the form of venture capitalists. Essentially, a venture capitalist’s job is to provide funding for companies at different stages of their development. Most times, these companies fund you in exchange for a stake in your company. They could choose to nurture that stake over time and reap the gains or just exit – that is, selling their stake down the line when they’ve recouped their investment.

The Evolution Is Here

As we already know, the internet that we all love is changing. There’s a growing shift towards Web3 – an innovation of the internet that will bring better control and confidentiality in terms of data handling. Like Web2 before it, Web3 will only come to life when we have companies and protocols that are already espousing some of its core principles.

This isn’t to say that there aren’t already products that are getting people ready for the transition into Web3. We have the Super Protocol, a cloud-based protocol that allows for seamless collaboration while …

Full story available on Benzinga.com

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