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Ryan Carson Steps Down as Advisor From Venture Capitalists VCX

Ryan Carson stated the VCX team offered him 5% equity in the company for becoming an official advisor and he received no pay for being an advisor.

Written By Vismaya V
Published November 14, 2022 12:56 PM·Updated 1 year ago
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Ryan Carson Steps Down as Advisor From Venture Capitalists VCX

The former chief operating officer of the popular NFT collection Moonbirds, Ryan Carson, announces that he stepped down as an advisor from the crypto venture capitalists firm VCX due to a lack of trust and apologized for the same.

I have withdrawn my Advisorship from @VCX_xyz and on Tues I’ll be personally refunding those who lost money due to my involvement. I have compiled a complete list of individuals and have been DMing with all of them.

Transparency and accountability are important.

A thread 🧵 …

— Ryan Carson (@ryancarson) November 13, 2022

In his exit announcement, Carson stated it was his mistake not to research and verify the VCX team’s experience more deeply after the team discussed with him the firm’s goals.

Carson added the VCX team offered him 5% equity in the company for becoming an official advisor and he received no pay for being an advisor and got nothing from the mint event, and secondary sales.

He even consented to set aside a portion of his forthcoming round for VCX holders in an effort to provide them with more high-quality deal flow.

Following the launch, Carson received several messages from the community asking him to look deeper into the experience of the team. After proper research, Carson says he no longer feels comfortable being involved or recommending VCX.

“I am not accusing the team of any illegal activity but I no longer believe the team has the experience I require for me to endorse the project,” Carson tweeted.

Carson takes full responsibility for putting his name behind the VCX project and he announced he will be personally refunding losses for those who minted because of his involvement.

Ryan Carson requested via Twitter and the VCX Discord that anyone who minted due to his involvement in the project contact him. The list is now closed and refunds will be issued on Tuesday when Carson will have access to his Ledger.

Carson also promised that he will honor his offer for accredited VCX holders or ex-holders to invest in his upcoming project if they wish to do so. 

Carson added “I am so very sorry for making this mistake. I should’ve double-checked everything before publicly endorsing this project, and I will be absolutely sure to do so in the future.”

VCX responded to this sudden exit of Ryan Carson by saying “Firstly, we want to thank Ryan for his support and efforts before mint and during mint while he was part of the VCX team. We are disappointed that Ryan feels this way, and wants to withdraw his advisorship, but ultimately it is his choice and we will continue to move forward.”

https://twitter.com/VCX_xyz/status/1591818240182738945

VCX noted that the VCX founders have extensive experience in the finance world and running other companies. They also added VCX never lied about our past experience and the path along with its vision of the project won’t change.

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Disclaimer: The information researched and reported by The Crypto Times is for informational purposes only and is not a substitute for professional financial advice. Investing in crypto assets involves significant risk due to market volatility. Always Do Your Own Research (DYOR) and consult with a qualified Financial Advisor before making any investment decisions.

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