RE: Web 3.0: Jack Dorsey Is Right About VCs

Web 3.0 has a few advantages that Web 2.0 didn't have regarding VCs investment strategies. Permanence is one of those advantages. Many of today's web 2.0 companies bought and closed down or minimized their competition. Vast swaths of Web 2.0 tools that were only good for small groups of people died in those early days. Of course this did have the result of the best of the best (supposedly) surviving.

In web 3.0 though not impossible I do believe it will be extremely difficult to buy out a web 3.0 project and dismantle it or change it so that it degrades on its own. That nifty cyber bot that scours the entire cyber verse for keywords (instead of only the 50% that google allows) and only used by 100 people can stay alive in web 3.0.

Also instead of bigger companies hiring away the developers as they did at times in Web 2.0. A web 3.0 community (rather DAO based or something else) can retain the code and either learn the needed skills or fairly easily find someone who has the skills and likes the project.

Of course there is what I have noticed here in Hive and feel will continue expand outward. Community projects are in nested communities. What this means is even if a project pauses the remnants will still be there for someone in the greater community to find and maybe take interest. This can help when a project is a good idea but the timing is off due to any number of reasons. Including the possibility that it was a bad idea originally but other things happen in the greater world causing that bad idea to actually have been a good one.

I for one am greatly excited to see VCs money enter web 3.0. This will allow us to see what communities are strong enough to reach greater heights. Along the way we can hope to catch a few project ideas falling down and when the time is right dust them off for revitalization. Of course the vast majority of those caught (85%+) will be worthless.