Crypto venture capitalists are looking around at the carnage in the industry and licking their lips at the deals on offer. The only problem is that it's not clear if anyone will give them money to invest. 

Valuations are down, competition for deal allocation is easing and the crypto market has — at least partially — been cleansed of bad actors, so the VCs say. Yet many Limited Partners, burned from months of crypto freefall, are too fed up to care.  

And as a global banking crisis compounds crypto’s homegrown problems, established venture firms and brand-new teams alike are trying to raise billions of dollars to invest in the crypto sector — an insatiable demand for capital meeting lukewarm supply.