Each of us, and certainly the Gen-Z representatives, wondered what it would be like to watch the Internet grow so rapidly from an adult’s perspective.
A lot of faith in the unknown on the part of nerds and people who began to grasp the early Internet as a passion, and a good dose of unconvincement on the part of old-timers.
Many people high up in venture capitals compare those days to the current adoption of web3 and cryptocurrencies, and it’s no coincidence that the companies responsible for early investments in companies like Intel, Facebook, and more are betting big on the crypto industry today.
One such venture capitalist is Sequoia, a company that made early investments in, among others, Zoom, Snowflake, Apple, Airbnb and many others.
Sequoia in 2022 created a separate fund dedicated to the web3/crypto industry amounting to $500M.
In my opinion, if the big players enter the industry in the same way when they entered what we all use now, the topic must be more than interesting.