Crypto Startup Valuations: Overestimation Threatens Funding & Growth

Dan Tapeiro, CEO of 10T Holdings, warns that overvalued crypto startups could face difficulty securing funding from venture capitalists (VCs). Speaking at the Consensus conference in Toronto on May 14th, Tapeiro noted that founders often inflate valuations to unrealistic levels, leading to VC struggles to justify investments. This trend has resulted in 10T declining over 200 deals, including prominent names like FTX, BlockFi, and Celsius, who later collapsed.