What Does Crypto VC Funding Look Like In A Bear Market?

What Does Crypto VC Funding Look Like In A Bear Market?

In this episode of Public Key, our host, Ian Andrews (CMO at Chainalysis) is joined by Ed Sim (Founder and Managing Partner, Boldstart Ventures) to discuss what it takes to build companies in an economic downturn, how he finds great founders and what crypto tech gets him excited. 

The conversation addresses tokenization versus infrastructure and databases versus blockchain and reviews why Boldstart just raised two new funds to continue to build their crypto portfolio amidst heightened volatility and fear in the current bear market and various outcomes on enterprise blockchain use cases. 

Minute-by-minute episode breakdown

• (2:05) – Boldstart’s crypto origin story of partnering with tech founders before company creation and creation of tipping using crypto
• (4:25)  – Boldstart partners with IBM to review blockchain enterprise use cases and future investment opportunities 
• (6:40) – The difference between needing a database versus a blockchain 
• (11:25) – The strategy to investing into the core infrastructure of crypto applications and user experience
• (15:27) –Raising funds during a volatile or bear market 
• (18:00) – How investment into crypto is moving away from just projects with tokens to also projects with infrastructure alone 
• (26:18) –How do you pick crypto founders that are thinking long term sustainable growth to invest in 

Related resources

Check out more resources provided by Chainalysis that perfectly complement this episode of the Public Key.

• Blog: The Trades That Triggered UST’s Collapse
• Boldstart Newsletter: Ed Sim's weekly readings and notes on enterprise VC, software, and scaling startups
• Boldstart Website: The Chainalysis 2022 Crypto Crime Report
• Boldstart Fund Announcement: Announcing $367M in new Boldstart Venture Capital funds
• Video: Chainalysis Links New York 2022 (Video Replays) 

Speakers on today’s episode

• Ian Andrews * Host * (Chief Marketing Officer, Chainalysis) https://www.linkedin.com/in/ianhandrews
• Ed Sim (Founder and Managing Partner, Boldstart Ventures) https://twitter.com/edsim

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