Because experienced VCs know web 1.0 also started with decentralized / libertarian ideals, but ultimately early players built walled gardens and gatekeeping around the "world wide web".
They don't want to miss the web3 boat, and they're betting the web 1.0/web 2.0 playbooks still apply.
They don't want to miss the web3 boat, and they're betting the web 1.0/web 2.0 playbooks still apply.