Can the web3 “passion economy” pay the bills? (w/ Li Jin)

Welcome back, this week Anita and Lucas interviewed Li Jin, cofounder of crypto venture firm Variant, which just raised $450 million for its third fund. Jin, formerly a solo GP at Atelier Ventures, is known for developing an investment thesis around the “passion economy” that eventually led her down the rabbit hole of web3. A backer of companies such as Magic Eden and Mirror, Jin talked about the ethics behind onboarding cash-strapped creators into crypto, why she’s no longer a solo investor and how she balances new investments and supporting her existing portfolio companies through a downturn. Subscribe to the Chain Reaction newsletter to dive deeper: https://techcrunch.com/newsletters