Tom Walker on Nostr: npub1lslwn…z9c2x Why do you think venture capitalists would put $15 million into a ...

npub1lslwn6kpyfkj3xp3zk6jd2epur5gjdeawklnsh9nd498xy50ezdqfz9c2x (npub1lsl…9c2x) Why do you think venture capitalists would put $15 million into a 'decentralised protocol'? Or to use your analogy, surely this is:

1. Invest $15m in decentralised protocol
2. ???
3. Profit

Number 2 surely needs to involve some kind of value extraction – value that is a multiple of what they put in.