What's the cash burnrate of Blockchain startups?
InWara research
How much capital do Blockchain and Crypto startups need? How long before they have to raise more? We did an analysis on several years of funding data to reveal the hard numbers.
Here are the key takeaways -
Our analysis has revealed that on average - Blockchain and Crypto startups have burned through ~$2 million (Seed funding) in 15 months of operation. Before having to raise funds again. The next round of funding isn’t until 25 months later.
For token offerings, it’s a whole different ball game. Firstly, Only 1.9% of these startups have raised funds again post conducting a token offering event. Like launching an IEO after concluding an ICO. Secondly, The data reveals that these sequential token offerings happen, on average, within 3 months of each other.
Check out this article to know more about our study.
Using a similar analysis, we were able to help our VC clients determine which startups are most likely to raise funds before they've raised them.
If you’d like to know this as well, simply reply yes to this email and we’ll send you a detailed case study.
Last week in 100 words 💯
In a radical statement, Bank of England governor Mark Carney laid out a proposal to completely revamp our current financial system by introducing a “Libra-like” virtual currency. 😲Amidst threats of currency wars, trade wars, and heightened uncertainty involved with economic policy, such a digital currency could enable a fiat currency like China’s renminbi to replace the US dollar and become the world’s reserve currency.
Facebook’s Libra project might be in trouble as some key investors are thinking of backing out. 🤕As the Financial Times reports, some of the project’s initial backers want to distance themselves, in light of the increased regulatory scrutiny. On top of this, US Lawmakers are still not sold on Libra despite having discussions with Swiss government officials (more in news section).
Meanwhile, Bitcoin’s dominance is hovering close to 70%, the highest it’s been in more than two years, according to Coinmarketcap. But a new study conducted by Arcane Research estimates that number to be over a whopping 90% when adjusted for liquidity by calculating the volume-weighted market cap. ( well…what will flippening maximalists do now?)
InWara Research 📙
Is your anonymity safe against Dusting attacks?
Dusting attacks are cyber threats to your crypto anonymity. Hackers employ this method on public Blockchain cryptocurrencies like Bitcoin and Litecoin to figure out your identity. Is there a way to prevent dusting attacks? To remain anonymous? These are our top suggestions.
Venture Capital Vs Token Offering: What’s right for you
Token offerings and Venture Capital are drastically different although they achieve the same goal. In this article, we’ll dive into years of data on token offerings and draw data-driven insights. For example, our analysis reveals as much as 62% of all token offerings so far, have raised less $10 million.
Upcoming ICOs, STOs, & IEOs 🗓️
Who raised money last week? 💰
Top News 📰
NEWS: Binance to launch “Libra” like stablecoin dubbed Venus
The largest cryptocurrency exchange in the world, Binance has announced plans to launch a stablecoin project dubbed Venus, describing it as an “independent regional version of Libra”. Notably, Binance hopes its latest venture will disrupt the financial hegemony of our current capital markets, owing to the exchanges massive worldwide presence.
NEWS: Chinese digital currency could “bypass” the western banking system.
Jeremy Allaire, CEO and co-founder of Circle, in an interview with Global Coin Research expressed his thoughts on the digital currency trend. “China is setting the pace in the development of a digital currency equivalent of its fiat currency, the renminbi, and could soon bypass Western rules through direct settlements”, Jeremy was quoted saying.
NEWS: US lawmaker still apprehensive on Facebook’s Libra project
Congresswoman Maxine Waters (D-CA) has stated that her concerns about Facebook’s Libra project remain, even after discussing it with Swiss government officials who’ll regulate the digital currency. “I look forward to continuing our Congressional delegation, examining these issues, money laundering, and other matters within the Committee’s jurisdiction”. Maxine was quoted saying.
NEWS: Leading enterprises are collaborating with IBM
Vodafone, Anheuser-Busch InBev, Lenovo, among numerous other industry giants are collaborating with IBM on Trust Your Supplier (TYS) Blockchain. The enterprises hope to improve supplier qualification, validation, onboarding, and life cycle information management by leveraging TYS blockchain.