According to BlockBeats, on September 18, BlockBeats reporter reported on the scene that Vance Spencer, co-founder and general partner of Framework Ventures, attended the “Investors Roundtable: Navigating Crypto’s Changing Landscape” roundtable discussion on the first day of the TOKEN2049 main venue and said:
I would be very focused, which is how we started in 2019. I would probably move to India, I would move to China, or I would move to Hong Kong. I would try to focus on one regional market, I would probably go deep into one specific sector. I think the hard part about starting out as a venture investor right now is that there is so much competition. We still haven’t seen any fund in this cycle that has a breakout performance, like someone has invested in a project and got a 1,000x return and then can become a “big guy”, and of course I don’t think it’s realistic. I think the period from 2018 to 2022 will be a very unique period in the history of this industry, so much so that I don’t think everyone here will be able to grow from a fund size of about $10 million to billions of dollars.
