TechFlow, May 15 — According to Cointelegraph, Dan Tapeiro, CEO of cryptocurrency investment firm 10T Holdings, said at the Consensus conference in Toronto that many crypto startups have missed out on venture capital opportunities due to inflated valuations.
Tapeiro noted that founders and CEOs commonly aim for valuations of 50 to 80 times revenue, making it difficult for VCs to generate reasonable returns for liquidity providers. 10T Holdings has passed on investing in over 200 companies for similar reasons, including now-bankrupt firms FTX, BlockFi, and Celsius. 10T Holdings prefers projects with valuations above $400–500 million and price-to-revenue ratios below 10x.
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