CRYPTO VC BARBELL: TRADFI-PROVEN FOUNDERS VS. DEGEN-NATIVE BUILDERS

Summary from the TLDR Crypto newsletter

Crypto VC is polarizing around two extremes: tokenization/stablecoin startups led by ex-Stripe, PayPal, and Meta founders fluent in fintech scale and regulation, and high-velocity, onchain-native degen apps like prediction markets and tap trading. The former appeals to TradFi VCs but requires deep payment infrastructure insight, while the latter thrives on cultural intuition and can generate sustainable revenue without token dependence.