Crypto Startups cannot rely on solid technology to win VC: OKX.
I told the founder of OKX Ventures’ Jeff Ren CointeleGRAPH that emerging, coincidence startups are those that combine solid technology with the ability to adapt to the development of the market.
Not only emerging for encryption companies need not only a strong technical infrastructure, but also have “the ability to read the market and axis when needed” to be worth investment, according to the founder of OKX Investment Company.
“For the founders who are looking to work with us – yes, your technology must be strong, but we are equally interested in how to adapt to what users actually need,” said Jeff Ren from OKX Ventures in a recent interview.
VC financing in Crypto startups decreased a year ago the record for industry in 2022, with only $ 10 billion in investing through 1940 transactions in 2024, compared to $ 30.2 billion in 3500 transactions, according to Pitchbook data.
Read more