Trammell Venture Partners<\/a> (TVP), based in Austin, Texas, has unveiled its second annual findings from its in-depth research into the burgeoning Bitcoin-native startup and venture capital ecosystem.\u00a0<\/p>\n

Despite a notable downturn in crypto venture market investments throughout 2023, TVP’s research highlights a remarkable surge in the Bitcoin startup sector, particularly at the Pre-Seed stage, with a striking 360% year-over-year rise in transaction count.<\/p>\n

Contrary to the broader startup landscape experiencing a decline in exit activity to a 10-year low in 2023, Bitcoin-native startups showed resilience and growth, marking a 69.2% increase year-over-year. TVP’s data revealed that these early-stage Bitcoin startups collectively raised nearly $1 billion between 2021 and 2023, signifying a substantial interest and investment in this sector.<\/p>\n

Christopher Calicott, TVP’s managing director and founding partner, commented on the findings, noting a strong desire among founders to build on Bitcoin. He highlighted the increasing support infrastructure and technical advancements that are fueling innovation within the Bitcoin ecosystem.<\/p>\n

\u201cThe early indicators from the TVP research are in line with the expectations we have had for \u2018crypto\u2019 venture\u2019s end state: founders really want to be building on Bitcoin specifically,\u201d said Calicott. \u201cWith a rapidly growing array of tech enablements fueling enhanced scalability and buildability on Bitcoin, this long-held TVP hypothesis is becoming an evidence- and data-supported reality.\u201d<\/p>\n

In 2023, Bitcoin-native venture deal count grew significantly, rising 69.2%, while broader crypto venture deal counts were down 35.3%. Though with the increase in Bitcoin-native venture deals, crypto venture deals still account for the overwhelming majority of deal count and venture dollars invested.<\/p>\n

\u201cDue to cyclicality and bitcoin\u2019s institutional embrace, its market cap dominance is even greater than at the time of our 2023 report,\u201d\u00a0Calicott continued.\u00a0\u201cDespite this, allocation to Bitcoin-native venture capital remains very low, relatively speaking. We believe that delta will begin to close as more allocators start to see the compounding benefits from a rapidly expanding design space on Bitcoin thanks to these early-stage Bitcoin startups.\u201d<\/p>\n

TVP’s commitment to driving insights and research for the venture capital landscape led to the launch of the industry’s first dedicated Bitcoin-native ecosystem-focused fund series in 2021. This annual release of TVP’s Emerging Bitcoin-Native Venture Capital Landscape Research Brief aims to provide valuable data and support for institutional investors looking to explore opportunities within the growing Bitcoin startup sector.<\/p>\n

The full TVP Bitcoin startup ecosystem research brief is available for download<\/a>, offering a comprehensive overview of the evolving landscape and investment opportunities in Bitcoin-native technologies.<\/p>","protected":false},"excerpt":{"rendered":"

Trammell Venture Partners (TVP), based in Austin, Texas, has unveiled its second annual findings from its in-depth research into the burgeoning Bitcoin-native startup and venture capital ecosystem.\u00a0 Despite a notable downturn in crypto venture market investments throughout 2023, TVP’s research highlights a remarkable surge in the Bitcoin startup sector, particularly at the Pre-Seed stage, with […]<\/p>\n","protected":false},"author":0,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[1],"tags":[],"class_list":["post-24582","post","type-post","status-publish","format-standard","hentry","category-crypto-news"],"_links":{"self":[{"href":"https:\/\/bitcoins-101.com\/wp-json\/wp\/v2\/posts\/24582","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/bitcoins-101.com\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/bitcoins-101.com\/wp-json\/wp\/v2\/types\/post"}],"replies":[{"embeddable":true,"href":"https:\/\/bitcoins-101.com\/wp-json\/wp\/v2\/comments?post=24582"}],"version-history":[{"count":0,"href":"https:\/\/bitcoins-101.com\/wp-json\/wp\/v2\/posts\/24582\/revisions"}],"wp:attachment":[{"href":"https:\/\/bitcoins-101.com\/wp-json\/wp\/v2\/media?parent=24582"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/bitcoins-101.com\/wp-json\/wp\/v2\/categories?post=24582"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/bitcoins-101.com\/wp-json\/wp\/v2\/tags?post=24582"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}