Jacquelyn Melinek

Nine crypto VCs on why Q1 investments were so hot and how it compares to previous bull market | TechCrunch

If the 2023 crypto venture landscape was an ice-cold pot of water, the first quarter of 2024 is the part where the bubbles start to form right before water boils, Tom Schmidt, a partner at Dragonfly Capital, said to TechCrunch. And he’s not wrong: $2.52 billion in total capital has been raised across the crypto and blockchain sectors in Q1 2024, according to PitchBook data. That’s about 25% higher than $2.02 billion in the fourth

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Start-ups

How crypto exchange Backpack climbed its way to success after its major investor FTX died | TechCrunch

Backpack’s founders, who are building a crypto exchange and wallet, have experienced strong growth since launching in 2022. But the road wasn’t easy. FTX co-led Backpack’s $20 million strategic investment round in September 2022. Less than two months later, in November, 2022, FTX collapsed. “We lost 80% of the operating capital on FTX. We spent all this time building this protocol and it was like an on-the-ground knock-out and [we] needed to be resuscitated back

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