In today’s episode of Empire, we discuss how crypto startups are running out of cash. Will more companies quietly shut down, and how will the survivors navigate the market? One group of people can strongly impact this outcome: Crypto VCs. We explore what decisions these VCs are facing, if they'll be able to raise funds from LPs, their hardest challenges and more! This is a short episode that's packed with insights.

- -

Timestamps:

(00:00) Introduction

(00:57) Nike x Tiffany collab

(10:38) Celsius lacks leadership

(12:45) Private companies will quietly shut down

(15:53) How VCs operate

(22:12) Blockworks Research Ad

(27:45) Challenges of running a crypto VC fund

(32:55) Fundraising terms matter

(34:23) Lessons learned from past cycles

- -

Follow Santi: https://twitter.com/santiagoroel

Follow Jason: https://twitter.com/JasonYanowitz

Follow Empire: https://twitter.com/theempirepod

Subscribe on YouTube: https://tinyurl.com/4fdhhb2j

Subscribe on Apple: https://tinyurl.com/mv4frfv7

Subscribe on Spotify: https://tinyurl.com/wbaypprw

Get top market insights and the latest in crypto news. Subscribe to Blockworks Daily Newsletter: https://blockworks.co/newsletter/

- -

Resources

Bell Curve podcast

http://bit.ly/3HVuKi1

LVMH story

https://www.ft.com/content/c79eccfc-fca1-11e9-a354-36acbbb0d9b6

- -

Disclaimer: Nothing said on Empire is a recommendation to buy or sell securities or tokens. This podcast is for informational purposes only, and any views expressed by anyone on the show are solely our opinions, not financial advice. Santiago, Jason, and our guests may hold positions in the companies, funds, or projects discussed.