Web3 VCs have a differentiation problem

Web3 VCs have a differentiation problem

Search/NewsVideoPricesResearchConsensus 2026Data & IndicesSponsoredSearch/enOpinionShareShare this articleCopy linkX iconX (Twitter)LinkedInFacebookEmailWeb3 VCs have a differentiation problemWhen every fund claims the same great networks and strong relationships, nobody wins. Bauer, Co-Founder of TBV, offers a more rigorous framework for emerging managers to build a unique value proposition.By Tobias Bauer|Edited by CoinDesk Apr 19, 2026, 6:13 p.m. Make preferred on The average Web3 VC pitch sounds like ours did three years ago. "We have deep relationships across the ecosystem." "We add value beyond capital." "Our network is our edge." It's not that any of these statements is a lie; it's that everyone says them, which makes them effectively meaningless. Liquidity providers (LPs) have heard this pitch so many times that the words have lost all shape. And yet somehow, the industry just ke

Source: https://www.coindesk.com/opinion/2026/04/19/web3-vcs-have-a-differentiation-problem