Equity What's ahead for crypto startups?
May 16, 2022
Global markets are down, sparking discussions on how crypto startups will navigate the fallout from the Terra/Luna collapse. The episode highlights a shift in investor sentiment and the potential slowdown in the sector. Startup layoffs are on the rise, demanding attention while investors seek balance between rapid growth and ethical tech development. The hosts also touch on a noteworthy investment in Topship, showcasing evolving corporate venture capital trends. A thoughtful exploration of recovery and responsibility in the tech world unfolds.
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Crypto Crash Impact
- The Terra/Luna stablecoin implosion wiped out venture capital investments, highlighting the risks of overly optimistic crypto projects.
- Investors are rethinking their crypto strategies, questioning which models will survive the downturn.
Startup Layoffs Accelerate
- Startup layoffs are accelerating, mirroring the trend seen at the start of the COVID-19 pandemic in 2020.
- However, the current situation is less severe than the 2020 peak, with fewer overall job losses.
TopShip Funding
- Flexport and Y Combinator backed TopShip, a Nigerian shipping startup founded during the pandemic.
- This highlights the growing trend of corporate venture capital (CVC) investments.