According to Odaily Planet Daily, a new report from Lattice VC shows that more than 80% of crypto startups that announced seed round financing in 2022 are still continuing to build today. Venture capital firms have invested more than $5 billion in 1,200 teams, 2.5 times as much as in 2021. Lattic co-founder Mike Zajko said that despite the influx of funds, people expected the failure rate to be higher, but this is not the case.
Among the projects of the same period, Eigen Labs was in the lead, and its restaking laid a narrative that two years later, many startups in Ethereum and other fields have built on. But such success does not represent the whole. Lattic said that only 1% of the teams found product-market fit, and only 12% of the teams raised follow-on financing.
According to Lattic data, 2022-era startups have issued significantly fewer tokens than 2021 teams, at just 15% of 2021. Zajko said this could be due to teams missing the “bull window” and CEXs becoming “picky” about which assets they list.
