People have been debating the philosophy of whether crypto and venture capital are mutually exclusive, but that’s all theory.  The numbers have spoken, as the tweet above illustrates:

The tweet is based on an analysis of funding trends by a venture capitalist in an article on decentralized.co. $17B was raised by crypto/blockchain companies so far in 2021 compared to just $1.3B back in 2017. 

Interestingly, the opposite type of trend has taken hold for Silicon Valley-based companies’ share of VC dollars. In a new report by venture firm Revolution and PitchBook, only about 27% of U.S. VC dollars have gone to Bay Area startups so far in 2021.  In 2014, more than 40% of U.S. seed- and early-stage venture dollars went to Bay Area startups.

These numbers may quantify what most of us already have been sensing:  crypto is in and being in the Valley is out.

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