How Crypto Venture Capital Went From $2M to $33.8B and Back
Bitcoin startups raised $2.1 million in 2012, when almost nobody believed crypto venture capital could become a serious investment category. In 2013, Union Square Ventures bought Coinbase shares at $0.20. Five years later, Andreessen Horowitz raised its first crypto fund at $300 million, even though many traditional investors believed the crypto cycle was already over.
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