Lattice VC: More than 80% of crypto startups that announced seed round financing in the 2022 bear market are still under construction

Odaily Odaily: A new report from Lattice VC shows that more than 80% of crypto startups that announced seed rounds of financing in 2022 are still building today. In the turbulent months of 2022, venture capital firms invested more than $5 billion in 1,200 teams that announced their seed rounds of financing, 2.5 times that of 2021. Lattic co-founder Mike Zajko said that with a large influx of funds in 2022, people naturally expected a higher failure rate, but this is not the case. Among the projects of the same period, Eigen Labs is in the lead, and its proposed re-staking has laid a narrative that many startups in Ethereum and other fields have built on two years later. But such success does not represent everything. Lattic said that only 1% of the teams found products that fit the market, and only 12% of the teams conducted follow-up financing. According to Lattic data, startups in the 2022 era have issued significantly fewer tokens than teams in 2021, only 15% of those in 2021. Zajko said this could be due to the team missing the “bull window” and CEXs becoming “picky” about which assets they list. (CoinDesk)