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Um, what is with these examples? > Recur, an NFT startup once valued at more than $300 million, decided to shut down recently. And a tiny edtech Web3 startup called 101 also called it quits. NFTs and Web3 were the biggest bubbles of the pandemic boom, obviously they’re popping. Did these companies ever expect to turn a profit?
NFTs and Web3 were the biggest scams of the pandemic boom
> Participation has dropped from more than 550 deals and a quarterly peak of nearly $50 billion in 2021 to fewer than 200 deals and a quarterly peak of around $15 billion in 2023, Stanford wrote. > As IVP's Tom Loverro so presciently pointed out back in January: Late 2023 and 2024 for startups will make the 2008 financial crisis "look quaint for startups." I really hope that’s an exaggeration, but the funding trends…
We better bail them out, innovation must be nurtured.
Move along.
> Participation has dropped from more than 550 deals and a quarterly peak of nearly $50 billion in 2021 to fewer than 200 deals and a quarterly peak of around $15 billion in 2023, Stanford wrote. > As IVP's Tom Loverro so presciently pointed out back in January: Late 2023 and 2024 for startups will make the 2008 financial crisis "look quaint for startups." I really hope that’s an exaggeration, but the funding trends…
The funding environment is fantastic still if you’re building a product and company that provides real people, real value. Creating a poor knockoff of pre-existing financial assets and marketing it as “revolutionary” is not creating real value for real people.
Ah shoot…this old thing again.