Hi, Agen. It’s been a tough go for venture investors in the field of crypto in recent years. Funding took a tumble after the FTX debacle and the collapse of several other lenders. The general downturn in the venture market didn’t help matters, either. All told, VC funding to crypto-related startups fell 78% last year. But with Bitcoin this week reaching new all-time highs, investors once again seem to be warming to the digital currency. Plus, an autonomous vehicle startup hits a $6B valuation amid declining investment in the industry, and a look at the rise of the solopreneur. So far in Q1, venture funding to the crypto sector has already topped all of Q4. Could VCs be warming to the volatile industry once more, as Bitcoin prices boom? Related Crunchbase Pro list: Venture Funding To Crypto Startups Autonomous vehicle software developer Applied Intuition locked up a $250 million Series E valuing the company at a $6 billion — a 67% uptick in value from its previous round. The deal comes even as venture funding for autonomous vehicle-related startups has been in decline in recent years. Related Crunchbase Pro list: Autonomous Vehicles Startup Funding The artificial intelligence theme was evident again among new additions to our Unicorn Board last month: Two of the new companies on the board are in the AI sector, and many of the other newcomers have the technology woven into their products. See also: The Crunchbase Unicorn Board We’re officially in the era of the solopreneur, writes guest author Sailesh Ramakrishnan of early-stage VC firm Rocketship.vc. This new type of entrepreneurship is a game-changer in today’s innovation-driven yet financially tight market, opening doors for early ventures to flourish, he argues. So what’s driving the trend, what does it mean for the startup ecosystem, and how do you navigate the sometimes lonely terrain of solo entrepreneurship? |
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