Recently, there's been an emerging trend of Web3 investors leveling criticism against the builders in our space. Notably, a raft of individuals have gone after Kain Warwick founder of Synthetix, for apparently failing to deliver on Synthetix and taking some of his profits from the project to buy houses(?). I would link the tweets if many of them hadn’t since been deleted. This seems hypocritical; investors, VCs, and traders are attacking a developer for trying to de-risk their net-worth a bit, whilst that's essentially the basis of what investors, VCs, and traders do every day.

Broadly speaking, we as a community need to appreciate good builders more than ever before. In a period where the whole market is growing and there's plenty of money to be made simply investing, the builders are the ones who choose to take the individual risk, risking it all on the success of their own project. Any participant in the Web3 space can build a diversified portfolio - buy some BTC, ETH, maybe an ETF-like product such as a DPI and choose a few projects you like and buy their tokens. In this way, most investors are protected against any single asset going to zero, they're diversified. But builders choose to invest their time in a single project, they're inherently narrow in their exposure. They take maximum personal risk. If their project fails, possibly due to no fault of their own, their net-worth will crater. The risk they take is fundamentally different from the diversified risk taken by investors.

Investors succeed on the backs of builders. That's not saying that investors are worthless, or don't contribute, they absolutely do, and a good VC is actually a good builder. Investment is a fair transaction, investors provide the capital which builders need to succeed, and builders in return should provide a growing business. However, most investors benefit from the work of founders while contributing little but homogenous capital themselves. Investors irrationally critiquing founders feels a bit like the dog chewing the hand that feeds it.