Execs remain positive on long-term prospects amid VC funding downturn

Saqr Ereiqat, the co-founder of Dubai-based venture-building firm Crypto Oasis, believes that despite the negatives brought about by the decline, there are still favorable takeaways from the existing situation. Ereiqat also told Cointelegraph that this circumstance likewise highlights the significance of strategic decision-making for jobs. Related: Crypto VC is struggling only from a North American point of view– Animoca Brands CEOMeanwhile, Phillip Lord, the president of the crypto payments platform Oobit, thinks that its necessary for business owners to focus on structure business with sustainable company models and clear earnings streams.

As crypto prices remain at lower levels, endeavor capital financing also taped one of its worst quarters since 2021. Crypto information platform Rootdata highlighted that the 2nd quarter of 2023 showed one of the most affordable efficiencies in terms of crypto fundraising. Quarterly crypto fundraising pattern information chart.

As crypto prices stay at lower levels, venture capital financing also taped one of its worst quarters given that 2021. Crypto data platform Rootdata highlighted that the second quarter of 2023 showed one of the lowest efficiencies in terms of crypto fundraising. Quarterly crypto fundraising trend information chart. Saqr Ereiqat, the co-founder of Dubai-based venture-building firm Crypto Oasis, thinks that despite the negatives brought about by the downturn, there are still positive takeaways from the existing situation. Related: Crypto VC is having a hard time only from a North American point of view– Animoca Brands CEOMeanwhile, Phillip Lord, the president of the crypto payments platform Oobit, believes that its required for entrepreneurs to focus on building companies with sustainable organization models and clear revenue streams.