Crypto Projects Keep Dropping Like Flies—45% Fail, Surprising No One

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Crypto Dreams Shattered: Venture Capital’s Glittering Failure Show

Ahem, comrades. In the grand circus of digital gold, nearly 45% of these shiny crypto projects backed by venture capital have quietly expired. And guess what? 77% of them can’t even scrape together a shiny thousand bucks a month. Bravo, capitalism! 🎪

Top-Tier VC Firms Not Spared

As if the gods of finance had a sense of humor, almost half—yes, 45%—of VC-backed crypto ventures have packed up and left. And the mighty Polychain Capital—proud sponsor of many a pipe dream—boasted the highest rate of failure with 44% of its investments turning to vapor. The report, which scrutinized 1,181 projects from Jan. 2023 to Dec. 2024, shows that even the biggest players aren’t immune to the cruel jest of luck—because, after all, who needs success when you have hope, right?

According to that illuminating report here, VC backing isn’t exactly your golden ticket. It turns out, 37.45% of top-tier VC-backed projects still ended in tears, with a further 34.56% turning into ghost stories. And a mere 33.41% bring in more than a measly $1,000 monthly—less than my coffee budget! ☕️

Polychain Capital, the shining knight of VC firms, not only sees its projects die off faster than summer snow, but over three-quarters—or 76%, to be precise—fail to produce any meaningful revenue. Yzi Labs (previously Binance Labs) also scored a dismal 72%. It seems even the giants stumble over their own shoelaces in this chaos.

Other VC firms like Circle (38%), Delphi Ventures (33%), Consensys (30%), and the ever-optimistic Andreessen Horowitz (24%) also witness more than two-thirds of their precious investments vanish into the ether. Ah, the sweet smell of failure! 🥀

Meanwhile, the so-called angels of the crypto world—like Balaji Srinivasan—are not exactly angels in shining armor. He boasts a 57% death rate among his projects, with Arthur Hayes not far behind at 34%, Santiago Santos at 15%, and Sandeep Nailwal and Stani Kulechov each seeing 10% fall apart. The moral? Even angels sometimes crash and burn. 😇🔥

Yet, amidst the chaos, a glimmer of hope appears: the study suggests that raising big bucks—say, over $50 million—significantly improves one’s odds of survival. Because nothing says ‘success’ like a fat check, right? According to the wise report, projects with hefty funding are less likely to drop dead. Conversely, those begging for less than $5 million face failure rates exceeding 33%, with nearly one in five turning into digital ghosts. Money talks—and apparently, the more you throw into the fire, the better your chances of survival. 💸🔥

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2025-06-04 09:59