On September 18th, BlockBeats reporters reported from the scene that Vance Spencer, Co-founder and General Partner of Framework Ventures, spoke during the "Investors Roundtable: Navigating Crypto's Changing Landscape" held on the first day of the main venue of TOKEN2049. He stated:

(If I were starting a fund from scratch now) I would be very focused, just like we started in 2019. I might move to India, China, or Hong Kong. I would try to focus on a regional market, I might dive deep into a specific sector. I think the hard part of starting as a venture capitalist now is that the competition is so fierce. We haven't seen any funds break out in this cycle yet, like someone who invested in a project and got a 1000x return, and then they could join the "big players" like that, of course, I also (now that this is happening) may not be realistic. I think the period from 2018 to 2022 will be a very unique time in the history of this industry, so much so that I don't think everyone here can grow from a fund size of about $10 million to billions of dollars.