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Venture Crypto Investing Down 75%, but ‘Native-VCs’ Continue Staying Course

Crypto investing by Venture Capitalists (VC) fell 75% in Q4 2022 versus the same period in the prior year.

The dramatic plunge in activity was driven by general VC tech firms, whose risk appetite for digital asset investing has diminished amid the many recent scandals that have plagued the industry.

However, driven by a belief that blockchain technology has more to offer, crypto-specific VCs are staying the course.

“We had a lot of big named venture capitalists who are very established, they are known for investing in a broad array of tech companies, and they came into crypto, started backing companies like FTX, and now those generalist VCs are starting to pull back.”

“Crypto-native” VCs remain faithful to the cause as they continue stumping up billions of dollars of investments, despite the scandals and general lull in price action.

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