What Happened In 2022
A VC: Musings of a VC in NYC
DECEMBER 31, 2022
What happened in 2022 is the bottom fell out of the capital markets and the startup and tech sector more broadly. Well, it happened in 2022. Many large centralized entities; lenders, exchanges, crypto funds, etc, blew up when the value of web3 assets declined 70-90% over the course of 2022. This is the first of these two posts.
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