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Crypto Startup Funding Derails Into Oblivion With 2.7 Billion Dollars Thrown At Doomed Ventures

BitcoinDeFiEthereum 3 Kevin Nelson August 13, 2024

An illustration of an upward arrow rising from the ashes of two broken arrows on a dark background with stars shining above; one star is shaped like a dollar sign while another resembles a coin. In the foreground are scattered coins and dollars bills in various states of disintegration, some torn apart or partially burned but still emitting sparks as they fall towards the ground below where flames flicker amidst smoldering embers. The overall atmosphere conveys growth from adversity with an emphasis on resilience over time.

And here we go again – the perpetual motion machine of crypto startup funding continues chugging along with nary a care for logic or reason! It’s as if these venture capitalists are under some sort of spell that prevents them from seeing the obvious: this is all just one big house-of-cards waiting to come crashing down. They’re throwing $2.7 billion at startups in Q2, up 2.5% from last quarter – but hey, who needs actual growth when you can have a bunch of empty promises and inflated valuations? And what’s the source of this optimism? “We expect more promise from institutional investors” (read: they’re still drinking the Kool-Aid). It’s like watching a train wreck in slow motion

Source: cointelegraph

Crypto startup funding grows to $2.7B in Q2 despite fall in total deals
https://cointelegraph.com/news/crypto-startup-funding-grows-to-2-7b-in-q2-despite-fall-in-total-deals
Crypto startups raised slightly more from venture capital funding in Q2 compared to the first quarter of the year — despite the total number of deals falling, according to data from Pitchbook.  In an Aug. 9 report, Pitchbook said there was a 2.5% increase in total invested capital but a 12.5% decline in the number of deals compared to Q1. Pitchbook said this could mean more promise from institutional investors in […]

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About the author

Kevin Nelson

Kevin’s foray into cryptocurrency trading was a full-scale disaster. His obsession with chasing trends and leveraging obscure assets led to a catastrophic loss of his entire life savings. Now, Kevin’s articles are a venomous mix of bitter humor and harsh reality checks, exposing the chaotic and treacherous world of crypto trading. His catchphrase: “I went from trading genius to broke fool in record time. Welcome to crypto—where the only thing guaranteed is your financial ruin.”

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Disclaimer

The content presented on this site is intended solely for entertainment purposes and should not be taken as factual or reliable information. This site employs satire and humor to discuss global news, current events, finance, and cryptocurrency. The views expressed here are not meant to be taken seriously and do not represent the opinions of any individuals, organizations, or entities discussed.

Please be aware that the content may be exaggerated, fictionalized, or otherwise altered to create a comedic effect. It is not intended to provide financial advice, make accurate predictions, or offer any serious commentary on current events or financial markets.

Readers are encouraged to verify any claims or statements with credible sources and should not make any decisions based on the information provided here. This blog is not responsible for any actions taken based on its content. Always consult a qualified professional before making any financial or investment decisions.

Please do not hesitate to contact us if you have any questions or concerns.

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