VC professionals: There may be less than 20 VCs in the industry who can still invest in seed rounds Odaily Planet Daily News - Tom Dunleavy, head of venture capital at Varys Capital, stated in an article on X that the financing environment in the cryptocurrency market has changed dramatically over the past six months. In the past, if a VC wanted to invest in a good project, they had to constantly expand their network, write content, participate in podcasts, participate in Space, promote their investment logic, and make countless phone calls every week... But now, as long as they have money to invest, it's enough. Nowadays, projects will be pushed to VC instead of VC actively digging for them. As long as others know that you have funds, the project will come knocking on your door. Most VC firms are currently in the following three states: they have run out of money, are moving towards the later stages (Series A and beyond), and are fundraising (but not going smoothly). Financing that used to take 2-3 weeks to complete now often takes 2-3 months. Projects with questionable business models or simply copying the latest hot narratives are no longer able to secure new financing or follow-up investments (which is a good thing). Currently, there may be less than 20 institutions that are actually conducting pre seed/seed round investments. VCs can easily choose the projects they want to invest in and have more time to do due diligence. The investment cycle of 2025 and 2026 is likely to become a historic 'golden opportunity', but the prerequisite is that the VC can persist in staying.