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A recent report from Lattice Fund reveals that over 80% of crypto startups that secured seed funding in 2022 have survived despite significant market turmoil. The tumultuous year saw the crash of Terra-Luna, the collapse of FTX, and failures of multiple lenders. Despite these challenges, more than 1,200 startups raised approximately $5 billion, with 76% of them launching their products on the mainnet. Analysts from CMT highlight that the crypto venture capital landscape has transitioned from mania to maturity, reflecting a more resilient market. Multicoin Capital Managing Partner Tushar Jain noted that the crypto venture capital market has not fully adjusted to post-pandemic downturn realities, with overhyped valuations and stalled token prices posing ongoing challenges. Lattice Fund's report also indicates that only 1% of these startups have failed.
80% OF 2022 CRYPTO STARTUPS STILL GRINDING Over 80% of crypto startups that scored cash in 2022 are still hustling, even with all the market chaos. Lattice Fund says more than 1,200 startups pulled in about $5 billion, and 76% launched their products on the mainnet. Sure,… https://t.co/5dQck2Wzaa
OVER 80% OF 2022 CRYPTO STARTUPS STILL THRIVING Despite the tumultuous crypto landscape, more than 80% of early-stage startups that secured funding in 2022 are still active, according to a report from Lattice Fund. Out of over 1,200 startups that raised around $5 billion, 76%… https://t.co/1MX8SMitTS
The crypto venture capital market hasn’t fully adjusted to post-pandemic downturn realities, said Multicoin Capital Managing Partner Tushar Jain. Overhyped valuations and stalled token prices reflect challenges across the crypto sector. Jain maintains confidence in crypto’s… https://t.co/v6UARE4Rx8