I guess most of them still have some runway left with the VC or ICO money they raised. How is it to work at such a place after the hype and after the sentiment turned negative?
Ask HN: What happened to Web3 startups?
1–10 of 106 posts
Re: Ask HN: What happened to Web3 startups?
#2My friends in Web3 are now AI experts building chatbots
Re: Ask HN: What happened to Web3 startups?
#3My friends in Web3 are now AI experts building chatbots
like 90%
Re: Ask HN: What happened to Web3 startups?
#4The only cash flows into the ecosystem have been from ICOs. The SEC is cracking down on such activities.
Besides investment cash flow, I don't think there have been any revenue generating ventures that cater to customers outside the Web3 ecosystem.
The true web3 players will be traditional finance companies upgrading their settlement systems.
I am curious how people will answer your second question.
Re: Ask HN: What happened to Web3 startups?
#5My friends in Web3 are now AI experts building chatbots
I think everyone knew they’d move onto the next scam
Re: Ask HN: What happened to Web3 startups?
#6Based on my LinkedIn inbox… plenty of them still around & still hiring.
They just seem to be less about what was original called “web3” and more about applying crypto to… stuff.
Re: Ask HN: What happened to Web3 startups?
#7I would imagine most people working for Web3 startups were doing it for the money, and are probably not too surprised that the gravy train hit the buffers eventually.
Re: Ask HN: What happened to Web3 startups?
#8There are new ones being made every day. Web 3 is just getting started.
Re: Ask HN: What happened to Web3 startups?
#9See Molly White's "Web 3 is Going Just Great"[1]
She keeps a tally of all the scams. The total is now over $67 billion.
Re: Ask HN: What happened to Web3 startups?
#10Based on my LinkedIn inbox… plenty of them still around & still hiring. They just seem to be less about what was original called “web3” and more about applying crypto to… stuff.
I also still get seemingly pointless pitches about crypto … businesses(?) looking for engineers. Not one have I read and thought hey that sounds like a real business plan