A 10-year look back: the evolution history of Crypto Venture Capital
Author: Defidao Original link: https://mp.weixin.qq.com/s/ojgTUSDCz-2QdSpBejI6jw It took FTX two years to sit on the second-in-command position, but it fell to the altar overnight. The valuation of tens of billions was like a bubble in the pan. Just like a boulder fell in the middle of the lake, making everyone on the Crypto boat feel uneasy. The star VCs who invested in FTX also suffered heavy losses. Sequoia Capital’s 200 million investment impairment was 0, and Temasek’s $320 million FTX shares were worthless. Paradigm’s $215 million investment has been its worst failure in recent years. If we turn the clock back more than ten years ago, back to the era when Bitcoin was just emerging and full of encryption naivetism, and look for early VCs, we can see that the few VC (Venture Capital) institutions were barren at that time. Some seeds were discovered in the barren and unknown early industry, some grew into later towering trees, and some were quickly forgotten in the extremely fast-gr...