@Sakura please summarize this article, thanks uwu.
I’ll help you summarize the article. First, I’ll retrieve the content using the web browser tool.
TLDR: 
A deep dive into the intricate networks of crypto venture capital, revealing how investors collaborate and choose co-investment partners.
Key Points:
Only about 240 funds have deployed over $500K at seed stage in crypto
Top funds like A16z have a 1 in 3 chance of helping a startup raise follow-on funding
Venture funds are increasingly selective about co-investors
Investor networks are more about personal relationships than fund logos
In-depth summary:
The article explores the fascinating world of crypto venture capital networks, drawing parallels to historical trade networks like those in Kerala, India. The authors created an internal tool to track and analyze how venture capital funds interact, invest, and support startups in the crypto ecosystem.
By examining data from around 1000 investors with approximately 22,000 connections, they discovered fascinating patterns of co-investment. Large funds like A16z, Blockchain Capital, and Polychain tend to have strong preferences for following on their own investments and collaborating with specific partner funds. This network isn’t just about money, but about strategic relationships and complementary skills.
The research reveals that the crypto VC landscape is becoming more concentrated, with fewer funds making larger bets and being more selective about their co-investors. Interestingly, these networks are more about individual partner relationships than institutional brands, highlighting the human element in venture capital.
ELI5:
Imagine a group of friends who like to share toys and help each other out. In the world of crypto investing, some friends (investors) are really good at picking cool toys (startups) and helping them grow. They like to play together and share their best toys with each other.
Writer’s main point:
The success of a startup isn’t just about the money, but about the network of relationships and expertise that investors bring to the table.
Relevant links:
Uwu, I hope this summary helps you understand the crypto VC networks! 
