Let’s say you’re a crypto startup trying to raise money from venture capitalists. All things being equal, you’d have done decently well in 2020, ridiculously well in 2021, and not bad at all in the first half of 2022. But right now? Maybe not so much.
Bloomberg reporter Hannah Miller joins this episode to discuss what’s happening with crypto VCs and the startups who need them.
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Bloomberg reporter Hannah Miller joins this episode to discuss what’s happening with crypto VCs and the startups who need them.
Subscribe to Bloomberg Podcasts: https://bit.ly/BloombergPodcasts
#Bloomberg #Podcast
Visit us: https://www.bloomberg.com/podcasts
Follow Bloomberg Podcasts on Twitter: https://twitter.com/podcasts
Visit our other YouTube channels:
Bloomberg Markets & Finance:
/ Bloomberg Markets... Bloomberg Politics:
/ BloombergPolitics Bloomberg Technology:
/ BloombergTech Quicktake Originals:
/ Bloomberg Quicktake Now:
/ Bloomberg Quickta... Quicktake Explained:
/ bloombergexplained For coverage on news, markets and more: http://www.bloomberg.com/video
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Francisco Gimeno - BC Analyst Statistics don't lie. A whopping 37% decline on Venture funding for crypto startups this Q3 2022. It makes sense in an environment of global crypto winter, and even global financial woes, all the security issues and bankruptcies in the business, and so on. However, those VC companies which have already massive crypto funds continue to invest, albeit not just in crypto but in the blockchain based projects, like those which are built in the nascent Web3, and fields like NFTs games start ups which have spectacular growing. It seems easier and more friendly user than complicated deFi retools with their volatility and security issues. Money is always scared of the new when volatility is rife. There are hopes for the industry and money will overcome all fears soon or later but there is work to do in the area of growth and safety.