Early-stage VC explains how private valuations are reacting to crypto's latest rally

Venture Capital • November 16, 2023, 8:03AM EST
Published 1 minute earlier on
The Block

Quick Take.

  • Kavita Gupta, founder and CEO of Delta Blockchain Fund, discusses the impact of the recent crypto surge on the early-stage venture landscape.

Episode 98 of Season 5 of The Scoop was recorded with The Block's Frank Chaparro and Delta Blockchain Fund Founder & CEO Kavita Gupta

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Kavita Gupta is the founder and CEO of Delta Blockchain Fund.

Gupta — a former executive at ConsenSys — launched the fund in September 2021 and it currently sits at $125 million AUM.

In this episode of The Scoop, Gupta discusses how the recent surge in crypto prices has impacted the venture landscape, and shares what sectors of the market she is paying the most attention to.

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According to Gupta, most early-stage crypto valuations are still fairly reasonable — which is leading to a steady stream of activity amongst veteran VCs in the space.

"Smarter, seasoned VCs have actually been more active in this market because it's the right valuation — it's also told you which founders are here to stay."

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© 2023 The Block. All Rights Reserved. This article is provided for informational purposes only. It is not offered or intended to be used as legal, tax, investment, financial, or other advice.

About Authors

Davis Quinton is the Director of Podcasts at The Block and runs our flagship podcast called The Scoop, hosted by Frank Chaparro. Since joining The Block as an 'intern' in early 2022, he has worked closely with leaders across departments to translate The Block's written content into engaging multimedia formats. He holds a degree in Social Research & Public Policy from New York University in Abu Dhabi and is based in Sydney, Australia.
Frank Chaparro is Host of The Scoop podcast and Director of Special Projects. He also writes a biweekly newsletter. Chaparro started his career at Business Insider, where he specialized in the intersection of digital assets and Wall Street, market structure, and financial technology. Soon after joining Business Insider out of Fordham University, Chaparro was interviewing top finance and tech executives, including billionaire Mark Cuban, “Flash Boys” star Brad Katsuyama, Cboe Global Markets CEO Ed Tilly, and New York Stock Exchange President Tom Farley. In 2018, he become a sought after reporter in the crypto world, interviewing luminaries such as Tyler Winklevoss, the cofounder of Gemini, Jeremy Allaire, the CEO of Circle, and Fundstrat head Tom Lee. For inquiries or tips, email [email protected].