Why Crypto Fundraising Could Be in for a Painful Winter
The Breakdown
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VC Funds in a Better Place Than 2018 to 2020 Bear Market
The majority of our portfolio is well capitalized and excited about the future. But in the last six months, we've had really talented teams shut down or planned to leave crypto. Less than 10% of 2020 to 2022 vintage crypto seed stage companies have been sold for parts. The worst place to be is having 20 million on your balance sheet with no idea of product market fit.
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