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Why crypto industry needs venture capital: Q&A with veteran investor

Published 01/25/2022, 01:00 PM
Updated 01/25/2022, 02:40 PM

Traditional funding in the crypto space was once considered useless. After all, the industry itself offers different, controversial, but nonetheless, ways to fund a project – initial coin offering (ICO), initial exchange offering (IEO) and the current darlings of offerings – launchpads and initial decentralized exchange (DEX) offerings.

But with the industry maturing and more startups wanting not only the capital but mentorship to build a working and valuable product, venture capital has emerged as one of the most attractive options. Cointelegraph talked to Li Rongbin, founding partner of SevenX, about why venture capital funding is the next big thing for crypto startups and entrepreneurs.

Learn more about SevenX Ventures

Continue Reading on Coin Telegraph

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