"Because of the massive influx of capital for 2022, there was just a natural expectation of a higher fail rate, said Mike Zajko, co-founder at Lattice."
"Teams have been able to stretch it to try to get to the other side... their runways may run out."
"A mere 1% of teams found product-market fit, and only 12% of the teams have raised follow-on rounds, Lattice said."
"Such success is hardly representative of the whole; Eigen Labs led the pack for crypto's 2022 class."
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