How landscape of crypto businesses have changed from 2023 to now | Touchgrass Podcast

"A lot of the investors that are still around in the crypto landscape have shifted a lot from venture token investing to venture equity investing."

"In 2023, one of the major pushbacks that we would get as a firm to our strategy was why we would even do equity investing in crypto and whether there would be exits."

"About 80 to 90% of what we've invested in has been equity businesses and the other 20% is on the token side."

"At that time, people weren't sure how to underwrite protocols from a venture perspective and I really don't think a lot of those questions ever got answered."

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