CIO của Varys Capital: Ít hơn 20 quỹ đầu tư mạo hiểm vẫn đang tích cực đầu tư vào các vòng seed

The Huoxing Finance report states that Tom Dunleavy, Head of Venture Capital at Varys Capital, posted on X that the fundraising environment in the cryptocurrency market over the past six months has changed dramatically. Previously, VCs had to constantly network, create content, appear on podcasts, participate in Spaces, and promote their investment thesis—along with making countless calls each week—to secure investments in promising projects. Now, all it takes is having capital available. Projects are being brought directly to VCs’ doors, rather than requiring VCs to actively seek them out; simply letting others know you have funds will cause projects to come to you. Most VC firms today are in one of three states: they’ve run out of money, shifted focus to later-stage investments (Series A and beyond), or are currently raising funds (but with little success). What used to take 2–3 weeks to close now often stretches to 2–3 months. Projects with questionable business models or those merely copying the latest hype narratives can no longer secure new funding or follow-on investments (which is a good thing). In reality, there may be fewer than 20 firms still actively making pre-seed or seed investments today. VCs can now afford to be selective about which projects they invest in and have more time to conduct due diligence. This upcoming investment cycle in 2025 and 2026 could become a historic “golden opportunity”—but only if VCs stay the course.