Despite a crypto rally, VC funds focused on crypto are struggling to raise money, as limited partners prioritize tangible gains after the 2022 wipeout
https://www.bloomberg.com/... X: Thomas Braziel / @thomasbraziel : I mean - we are open to new LPs - crypto distressed is a great strategy for guys with 2-50m to invest https://www.bloomberg.com/...
It turns out investors have figured out that the price of gold going up doesn't correlate with progress in industries that need large supplies of obscure pyrite-like minerals.
Has anyone listed that one of the reasons this fundraising may be difficult is because of increased scrutiny on the way funds were getting token access because that shady business seems to have been a big driver in the first boom