Founders should consider VC firms their allies as they build in the bear market
Venture capital firms offer value to startups beyond simply cash. They also bring business experience, broad networks and critical services to the table. This year’s bear market trajectory should be looked upon as a favorable opportunity for Web3 founders to raise capital and build cutting-edge products. Some of the most robust businesses today were built during market downturns, and founders now have a real opportunity to ensure they’re building products and services that meet genuine, real-world needs and look beyond oversized checks to find the most suitable business partnership.....
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As the crypto market heads toward another Bitcoin halving expected to trigger a bull market, crypto founders are gearing up to start launching their startups in a more profitable climate. If you are one of these startup founders interested in crypto, Coinbase CEO Brian Armstrong has outlined 10 ideas that would lead to profitable businesses. […]
Previous crypto bear markets triggered much bigger layoffs, with some firms like ConsenSys reportedly firing up to 60% of its workforce in 2018. Gemini, a cryptocurrency trading platform founded by brothers Cameron and Tyler Winklevoss, is the latest industry firm to lay off a significant part of its staff due to unfavorable market conditions.Winklevoss’ crypto business Gemini Trust reportedly cut 10% of its employees amid the ongoing bear crypto market, the founders wrote in a notice to employees on June 2, as Bloomberg reported.As part of its first major headcount cut, Gemini will....
Bear market, beware? Or is the market’s tenacity enough to keep sports engagement alive? Thus far into a middling 2022, it’s been more of the latter than the former. Crypto firms remain at the heart of many of the biggest sport sponsorship conversations, athlete engagement in the space continues to build, and there’s new NFT […]
As digital currency prices have slid significantly in value during the past few months, the bear market cycle is starting to take its toll on the crypto industry’s workforce. On June 2, Gemini’s co-founders the Winklevoss brothers revealed the company would lay off 10% of its employees. The same day, one of the Middle East’s largest digital currency exchanges, Rain Financial revealed it had to lay off dozens of employees. Rain’s CEO said as cryptocurrency markets have slowed down, it has “impacted businesses across the globe.”
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As many bitcoin mining firms struggle to remain operational, CleanSpark is poised to emerge from this bear market stronger than ever.