TechFlow News — Amy Wu, head of FTX Ventures, the venture capital arm of cryptocurrency exchange FTX, said she hasn't yet seen inflation and rising interest rates directly impact valuations of crypto startups. However, she expects valuations for growth-stage or more mature crypto companies to decline soon following this week's Federal Reserve rate hike and stock market reactions, especially as large tech stocks have recently fallen sharply—for example, Coinbase briefly touched a 52-week low on Monday.
Amy Wu noted that crypto startups are not currently being valued based on cash flows. "It's very clear there's a disconnect right now between public market performance and private valuations. Until we see alignment between private and public markets, I'll remain more conservative... Therefore, I'm focusing on early-stage investments and trying to get in earlier with both equity and token investments."[Original Link]
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