Co-founder of Blockstream: Decided not to issue coins very early

Odaily Planet Daily News In recent years, many startups in the cryptocurrency industry have faced financing difficulties. In this regard, Erik Svenson, co-founder and chief financial officer of blockchain infrastructure company Blockstream, said: "I think that investment in cryptocurrencies peaked early last year. The bitcoin track itself has always been an undercapitalized field." .We decided early on not to issue our own token. We didn’t do an ICO like a lot of projects, so we’ve been relying on more traditional venture capital.” Blockstream raised $125 million at the end of January, bringing its total funding to about $400 million. As of August 2022, Blockstream's post-money valuation is $2.49 billion. (TechCrunch)