Public VC Funding: Stopgap or Future Solution for Blockchain Startups?
Cointelegraph
Published Aug 10, 2020 12:51PM ET
Updated Aug 11, 2020 03:20PM ET
Securing seed money for blockchain startups is a tricky business in normal times, but with a pandemic raging, it’s really touch-and-go. Private investors have been walking away from startup deals lately, looking to conserve working capital in uncertain economic times. But fortuitously, governments and government-like entities have been rushing in to fill the gaps.
Richard Fetyko, founder of altFINS — a blockchain startup that enables crypto investors to screen, analyze and trade digital assets across exchanges — told Cointelegraph that he had an investor lined up to provide development and launch funding for the platform, “but then Covid rolled in.” The investor, experiencing liquidity problems in his core real estate business, effectively pulled out days before a contract was to be signed.
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Written By: Cointelegraph
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