“Startups were able to raise uncharacteristically sized rounds for their stage, commonly acquiring multiple years of runway pre-product, while over the course of the last six months, investors pivoted to underwriting fewer deals targeting higher conviction, more concentrated bets,” George told CoinDesk in a note. “During this period of time, investors began to re-evaluate their focus on what constitutes product market fit, realizing that large token incentive programs rewarding user participation creates distorted traction metrics and overlooks user stickiness.”
Related posts
-
Bitcoin Miners Ramp Up Hashrate as Halving Nears, Network Hits 653 EH/s Record
Just before the upcoming block reward halving, with only 72 blocks left until reaching block height... -
Bitcoin could reach $100k by year-end, Komodo CTO
In an exclusive interview with Kadan Stadelmann, CTO of non-custodial wallet and atomic swap DEX platform... -
Bitcoin Technical Analysis: BTC Faces Volatile Day of Trading and Complex Dynamics
As bitcoin navigates a tumultuous trading range between $60,022 and $65,430, market analysts scrutinize oscillators and...