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Nansen CEO: Due to financing difficulties, 2023 may witness a "bloodbath" for crypto startups

2022-12-12 14:54:09

ChainCatcher news, Nansen CEO Alex Svanevik stated on Twitter that 2023 will be a "bloodbath" for crypto startups for the following reasons: 1. Most seed-stage startups born in 2021 or 2022 have no money; 2. Some have been acquired; 3. A few can secure new rounds of funding (over 80% of companies have to raise funds at a valuation lower than the previous round); 4. Salaries for tech workers are declining; 5. Tech positions are shrinking; 6. Venture capital is investing in other fields (such as artificial intelligence). "(source link)

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