It’s fascinating to watch the shift happening in real time among crypto’s big name OG angel investors.
Throughout the past 4 years - it was all about $. Sign the SAFT, help hype the token, exit on retail. Repeat. Now?
These guys are looking for "meaning". You can almost feel the irritation in their tweets and private chats.
- Another L1 with “ultra-low fees”?
- Another “capital-efficient” L2?
- Another stablecoin that’s just USDC with a different logo?
- Another DEX promising “native yield” that’s really just a Ponzi in a nicer UI?
Sure, with the right KOLs, the right launch partner, and a juicy FDV, the round gets 10x oversubscribed and "the early cabal" makes a quick bag. A bit later the project just becomes another "wtf is this" line on Coinmarketcap.
The angels who already printed life-changing money from those plays aren’t chasing another 5-10x anymore.
Now they are in a search of meaning. A signal in a world drowning in noise.
- Projects that ship real utility instead of narratives.
- Projects that have a boring money-making business, not the "ok, how do we get 1000000 yaps about us and 1000 likes on this tweet?" projects.
- Founders who are obsessed with product and users, not just token price and vesting schedules.
They want to back the things that ten years from now, people will point to and say, “That’s why crypto mattered.”
If we've had kept this filter on since 2020, we’d be so much further ahead as an industry.
But better late than never. The tide is turning right now, today. More and more people are finally asking the question it should have asked all along: “Does this move crypto forward or is it just another way to extract from it?”
And for the first time in years, the answer is not a marketing stunt, and actually matters to them.