Ash Khandelwal on the State of Web3

Ash Khandelwal is one of the most notable and up-and-coming figures in the world of Web3 with his various ventures through Ash Capital, the fastest-growing private equity firm dealing in Web3 and automotive technology. Known for his successful startups and outspoken opinions on the Web3 space, Khandelwal has become a leading voice in the industry. In a recent panel discussion on the state and future of the Web3 industry, Khandelwal shared his thoughts on the industry’s challenges.

Khandelwal notes that “the current state of the industry is nothing but an economic correction, quite notably similar to the .com bubble burst in early 2000. During this time, we saw a lot of websites made for the sole purpose of creating quick cash rather than a meaningful product. However, several of these quick cash websites were taken and turned into sites like Reddit and Instagram, which many depend on today. I see something like this to occur in the next 48 months with the Web3 space.”

“If you’re trying to make it to the 1%, it can’t be as easy as the other 99% endure.”

• Ash Khandelwal

Khandelwal remarks that Investors should take a more serious approach when it comes to dissecting potential investment opportunities in the Web3 space and ensuring the founders are aware of their mission, beliefs, and, most importantly, business strategies in a time where the market has softened, and fear is at an all-time high thanks to the FTX debacle.

“I have been a part of several meetings where after the initial pitch, founders were ill-prepared to answer any specific industry questions and strategies for creating demand or dealing with fallback from the state of the market. These are questions that are vital to determining whether or not to invest, and it seems we are back to an age where founders forget that investors want a good businessman as well as a good visionary a part of any project.”

Ash Khandelwal, Ash Capital

So should investors altogether forgo the Web3 space?

“Not at all. This space still has the potential for massive growth and opportunities for investors; if anything, this correction will improve the likelihood of successful investments. When people are scared, they rely more on business practices and expert knowledge rather than quick cash when they have the correct vision. As a result, projects will become more meaningful and seek to solve real long-term problems or disrupt industries rather than lack utility and simply appear flashy to audiences.”

Our investors maintain an impressive average annual yield of 15% on their investments in our fund. Can Web3 projects increase this? Absolutely! However, we must be cautious and do the due diligence in each project to ensure we participate in the suitable projects.”

• Ash Khandelwal

Khandelwal maintains that even though his fund Ash Capital has taken a more serious and focused investment approach to automotive technology, they are still open and pursuing meaningful Web3 projects that they believe will help transform the next few years of the industry.

You can learn more about Ash Capital via their website or reach out to Ash Khandelwal via his Instagram.

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