What to look for in DePIN projects: Tribe Capital VC
Evan Park of Tribe Capital highlights three main factors driving interest in Decentralized Physical Infrastructure Networks (DePIN): use cases, sustainability, and revenue potential. When evaluating DePIN pitches, Park emphasizes the importance of verifying real demand and understanding the source of revenue. He expresses skepticism toward revenue claims that do not directly stem from the underlying network. Additionally, Park pays attention to organic growth and market validation. He places significant value on having a strong project team, especially those with experience in both the crypto space and industry expertise. He's not alone in this viewpoint; other venture capitalists also see the team as a critical aspect in assessing potential success in DePIN initiatives. This perspective indicates a broader trend in venture capital circles toward a comprehensive evaluation of both the technology and the teams behind these projects.
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