One trend that has concerned me greatly over the years was the (miss)allocation of venture capital funds towards "crypto" vs Bitcoin.
Unfortunately, the situation is even more dire than I expected. The latest research from Trammel Venture Partners shows that only about 1.31% of total Venture Dollars Invested in "crypto" made it to Bitcoin.
See the research here, and please retweet / like if you're alive on Twitter:
I wrote recently (in response to#[2]) about this problem applied to developers - if you're dev, it's much harder to get grants and funding to work on Bitcoin, vs the hottest new shitcoin that just closed their ICO / funding round.
In the long run I expect things to get better... but in the meantime, good luck dealing with funding, especially in the bear markets.
As an advisor to a handful of Bitcoin startups and someone who makes connections for those raising whenever I can, this is consistent with what I’m seeing. This TVP stat is particularly sobering.
Add to this that I’m particularly concerned about a willingness for these same investors to back noncustodial startups.
Only KYC #Bitcoin projects get funding these days... Fail
