VC private vs public markets in crypto

Late in the summer of 2017, he finally took a vacation. Once he was free to experiment, it took him little time to see that one of the options on his list was not like the others. In 2017, cryptocurrency had gone from being this bizarre hobbyhorse in which he had zero interest to a semi-serious financial market, entirely separate from other financi

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With new go-to-market strategies for web3 come new ways of measuring success. For DeFi apps, the canonical success metric is the aforementioned total value locked (TVL). It represents all the assets using a protocol or network for things like trading, staking, and lending.

Capital is flowing into crypto. Over $20B in crypto funds have been raised since the start of 2021 per Dove Metrics. Dry powder is abundant, but liquidity is asymmetrically distributed. Most capital is focused on early-stage, private projects. That’s not sustainable. While retail investors have been able to consume the float of historical crypto ve... See more