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‘Tremendous time' to start a blockchain company, says Pantera General Partner

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cointelegraph.com

Despite depressed crypto prices and recent company collapses, one of the key investors behind crypto hedge fund Pantera Capital believes there’s never been a better time to start a blockchain company.

As part of a Jan. 23 post about the year ahead from a number of executives at Pantera Capital, Paul Veradittakit, General Partner at Pantera Capital explained that "On average," people working in the crypto space are more educated and passionate about crypto than in previous cycles.Strong start to the year!

https://t.co/gFe5fUM0gTOverall, he said, "we are seeing a higher percentage of startups coming to market with strong teams — entrepreneurs coming out of established crypto startups like Coinbase, larger tech companies like Facebook, Uber, and Square, and legacy financial institutions like J.P.

Morgan and Goldman Sachs."The market is still very bearish, with some companies folding and prices recovering lost ground, but Veradittakit believes it's still a worthwhile time to be in the space, citing the billions invested into the space from venture capital firms in the first half of 2022, adding:"In addition, we've observed that institutions and enterprises are more open than ever before to working with blockchain companies to enhance their businesses," Veradittakit said.The general partner said he has also observed volume shifting toward highly-regulated exchanges and DeFi-based decentralized exchanges as people try to protect their assets from bad actors, which could inspire the next generation to enter the crypto space. "With more scrutiny around trust and security, we believe there are opportunities for startups in areas like self-custody, security, insurance, and identity," he said.

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