Crypto Startups Hitting Wall With 80x Valuations: VC Funding Slowdown

Venture capital funding for cryptocurrency startups is becoming more selective, with firms like 10T Holdings increasingly passing on projects due to exorbitant valuations. CEO Dan Tapeiro highlights the difficulty of securing returns in a market where founders are seeking investments at 50 to 80 times revenue. This trend has led them to decline over 200 companies, including bankrupt exchanges FTX and Celsius. Tapeiro prefers projects with valuations between $400 million to $500 million and valuation-to-revenue ratios of 10x or less. He believes this approach ensures a more realistic and sustainable path for investment.