Mike Dudas has over a decade of experience investing in the crypto industry and is the managing partner at the VC firm 6th Man Ventures.
In this episode, Dudas examines the state of the crypto venture market, which he claims is currently stuck in"the slowest pace of dealmaking" he has ever seen. According to Dudas, two of the main contributors to slowing crypto VC activity are the dwindling number of real users for blockchain based products, plus founder expectations that are still anchored to unrealistic bull market valuations from days past.
However, despite slowing user growth and lackluster price action, Dudas points to the uptick in developer activity as a beacon of hope that promises better experiences and products to the next wave of new crypto users. © 2023 The Block. All Rights Reserved. This article is provided for informational purposes only. It is not offered or intended to be used as legal, tax, investment, financial, or other advice.