Crypto VCs Have Scale, Liquid Funds Do Not. What Are the Implications and Can This Change? Private capital builds the pipeline. Liquid funds inherit the volatility. Discussing who captures value next cycle: Shane O’Callaghan (@Karatage_ ) @KatieTalati (@arca) @wyatt_khos (@CastleIslandVC) @Wooster_Han92 (@hashed_official) @h_joshua_rivera (@blockchaincap) 🎟️: