Venture Capital Strategy and Shifts in Crypto Investments
- Executives from Blockchain Capital, MetaGood, Dragonfly, Arche Capital, and Breyer Capital discuss venture capital strategy at Wyoming Blockchain Symposium.
- Investors with traditional approaches lag behind crypto-native counterparts in terms of investment performance.
- Dragonfly's Rob Hadick highlights the differences in liquidity, development time, risk, and open source nature of crypto investments.
- Blockchain Capital's Bart Stephens emphasizes a long-term approach to holding tokens and equity in crypto startups.
- MetaGood's Bill Tai emphasizes the importance of mission-oriented teams and projects.
- Total capital invested in crypto startups rose by 2.5% in Q2 2024, despite a drop in the number of deals.
Summary :
Executives from Blockchain Capital, MetaGood, Dragonfly, Arche Capital, and Breyer Capital gathered at the Wyoming Blockchain Symposium to discuss venture capital strategy. Rob Hadick of Dragonfly highlighted the differences between traditional institutional approaches and crypto-native investments, emphasizing the need for a comprehensive understanding of the unique characteristics of crypto assets. Bart Stephens of Blockchain Capital discussed his firm's long-term approach to holding tokens and equity in crypto startups, focusing on organic growth rather than short-term trading. Bill Tai of MetaGood emphasized the importance of selecting mission-oriented teams and projects over purely revenue-oriented ones. Despite a decrease in the number of crypto startup deals in Q2 2024, the total capital invested in these companies increased by 2.5%. Venture capitalist Adam Cochran attributed the slowdown in VC funding to the significant gains from holding established digital assets like Bitcoin and Ether, which made riskier startup projects less appealing to institutional investors.
Sources :
- CoinTelegraph
