- VCs pumped $95 million into crypto startups this week.
- Deal terms are getting better for investors, Animoca Brands co-founder says.
Investors are capitalising on the $2 trillion crypto market downturn by squeezing better deals out of the projects they back, according to Yat Siu, co-founder and executive chairman of Animoca Brands.
The disappearance of “crypto tourist” venture capitalists — investors not really prioritising digital assets — “sharply reduced the competition” for good deals, Siu told DL News.
“As is usually the case, when the markets are more difficult, deal terms become more attractive,” he said. “However, top deals continue to command premium valuations.”
The comments come as VCs poured $95 million into…
