Bitcoin

Crypto startups can’t just rely on solid tech to win VC funding: OKX

OKX Ventures’ founder Jeff Ren told Cointelegraph that fund-worthy crypto startups are ones that combine solid tech with an ability to adjust as the market evolves.

Crypto startups need to have not only a strong tech infrastructure but have the “ability to read the market and pivot when needed” to be worthy of investment, according to the founder of OKX’s investment arm.

“For founders looking to work with us — yes, your tech needs to be solid, but we’re equally interested in how you adapt to what users actually need,” OKX Ventures’ Jeff Ren told Cointelegraph in a recent interview.

VC funding into crypto startups has fallen since the industry’s record year in 2022, with only $10 billion invested across 1,940 deals in 2024, compared to $30.2 billion in 3,500 deals, according to PitchBook data. 

Read more

Related Articles

Leave a Reply

Your email address will not be published. Required fields are marked *

Back to top button