The ongoing bear market has resulted in startup funding winter, with global funding slashing down 50% year-on-year. But this is not a bad thing, says veteran VC Kavita Gupta. Kavita, who is the founder of Delta Blockchain Fund, and formerly headed ConsenSys Ventures, explained that the funding crunch has lead to companies and founders seeking more realistic valuations than they did in the bull run. She also pointed out that the ongoing bear market has made VCs more cautious about the treasury management of their portfolio companies.
Prior to joining Delta, Smit was Co-Founder and CTO of CoinCrunch India, which is one of India’s first crypto news platform Smit has worked with various Indian exchanges including CoinDCX, CoinDelta and various projects in technical capacity.
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