Index Ventures Co-Founder Danny Rimer Doesn't Buy Web3

Venture capital firms continue to secure significant capital despite public market volatility as institutional investors prioritize long-term performance and proven track records. Index Ventures co-founder Danny Rimer emphasizes a disciplined, artisanal approach to venture capital, favoring focused funds over aggressive asset aggregation or crossover strategies. While current economic conditions necessitate realistic valuation adjustments, down rounds remain preferable to structured deals that artificially inflate valuations and cap future upside. Companies demonstrating resilience—particularly those in consumer, enterprise, and sustainability sectors—are prioritizing operational efficiency and supply chain management. Despite the prevalence of Web3 and crypto-related pitches, Index Ventures remains cautious, focusing on founders driven by fundamental business building rather than speculative arbitrage. This strategic focus ensures that investment decisions remain grounded in long-term value creation rather than short-term market trends.