Wintermute CEO: Shifted from "Spray and Pray" Investing, Project Investment Success Rate at Only 4% in 2025
BlockBeats News, January 8th, Wintermute Founder and CEO Evgeny Gaevoy said, "We have evolved from the 'fishing for deals' investment approach of 2021-2022 to today's mere 4% project acceptance rate. Wintermute Ventures completed 23 investments in 2025, mainly leading Pre-Seed and Seed rounds, with investments not aimed at obtaining market-making (MM) rights, completely independent of trading activities."
Wintermute Ventures' post stated that in 2025, they reviewed about 600 companies, with 20% advancing to formal due diligence and 4% of projects receiving funding. The most common financing structures in 2025 were: Equity / SAFE and Token Convertible Notes. The most suitable funding and investment structure will be matched based on the founders' vision for the project's long-term development.
You may also like

Gov-Backed Asset or Solana Meme? Uncovering the Reality Behind the USOR Crypto Frenzy
Key Takeaways USOR, a Solana token, sparked a debate over its legitimacy by claiming associations with U.S. strategic…

Gold’s Six-Month Rally Against Bitcoin Shows Parallels to 2019 Cycle
Key Takeaways Gold has consistently outperformed bitcoin over the last six months, despite being typically considered the haven…

US Court Sentences Chinese National to Nearly Four Years for $37M Crypto Fraud
Key Takeaways Jingliang Su, a Chinese national, received a nearly four-year prison sentence for laundering over $36.9 million…

JPMorgan’s Dimon Tells Coinbase’s Armstrong to Stop “Lying” About Crypto Bill
Key Takeaways: JPMorgan Chase CEO Jamie Dimon accused Coinbase CEO Brian Armstrong of misrepresenting banks’ role in opposing…

Tether Profit Dips 23% in 2025, Yet Sets Record with $122B in Treasury Holdings
Key Takeaways: Tether’s profit for 2025 fell by 23% to just over $10 billion, reflecting a decline from…

CZ Pushes Back on Claims Binance Triggered Historic $19B Crypto Liquidations
Key Takeaways: Changpeng Zhao, known as CZ, denies that Binance played a pivotal role in the $19 billion…

Coinbase Insider Trading Lawsuit Moves Forward Despite $2.9B Stock Sale Defense
Key Takeaways A Delaware court has allowed a shareholder lawsuit against Coinbase directors for alleged insider trading to…

Brazil’s Nubank Secures OCC Conditional Approval for U.S. National Bank – Potential Crypto Custody Ahead?
Key Takeaways Nubank has received conditional approval from the U.S. OCC to establish a national bank, with potential…

Gold Price Prediction: Current Trends and Future Outlook for January 28, 2026
Key Takeaways Gold and silver prices play a significant role in the global economy, reflecting both market trends…

Central Bank of the UAE Endorses First USD-Backed Stablecoin
Key Takeaways The UAE Central Bank has endorsed the first US dollar-backed stablecoin, USDU, to streamline compliant settlements…

Can the Gold Price Rise to $6,000?
Key Takeaways Gold prices in 2026 have experienced dramatic surges, reaching unprecedented levels in just the first month…

Talos Raises $45M Series B Extension Backed by Robinhood, Bringing Total Funding to $150M
Key Takeaways: Talos, a leading provider of institutional digital asset trading technology, has raised $45 million in a…

What is the Next Milestone for Gold Prices and Will It Reach $6,000 by Year End?
Key Takeaways: Gold prices recently crossed the $5,000 per ounce mark, spurring predictions of further increases amidst global…

Hong Kong Enhances Gold Market Access Through Hang Seng Gold ETF and Tokenized Units
Key Takeaways: The Hang Seng Gold ETF offers Hong Kong investors direct access to gold by launching a…

Bitpanda and Ribbon Plc to Unveil Comprehensive Crypto Services in the UK
Key Takeaways Bitpanda Technology Solutions collaborates with Ribbon Plc to launch digital asset services in the UK. The…

Bybit to Introduce Dollar Accounts With Partner Banks – Can Crypto Go Mainstream?
Key Takeaways Bybit plans to introduce “MyBank” dollar accounts in partnership with licensed financial institutions, enhancing seamless conversion…

a16z-Backed Crypto Custody Startup to Close, Returning Investor Capital
Key Takeaways Entropy, a decentralized crypto custody startup, is closing its doors after four years due to strategic…

How a Harmless "AI Trading Tool" Became a $Million Crypto Bubble: The Clawdbot Fiasco Explained
Clawdbot Case: How a Non-Trading AI Tool Got Hyped Into a $1M Crypto Bubble | Exposing Market FOMO and Fake Token Scams (With On-Chain Evidence)
Gov-Backed Asset or Solana Meme? Uncovering the Reality Behind the USOR Crypto Frenzy
Key Takeaways USOR, a Solana token, sparked a debate over its legitimacy by claiming associations with U.S. strategic…
Gold’s Six-Month Rally Against Bitcoin Shows Parallels to 2019 Cycle
Key Takeaways Gold has consistently outperformed bitcoin over the last six months, despite being typically considered the haven…
US Court Sentences Chinese National to Nearly Four Years for $37M Crypto Fraud
Key Takeaways Jingliang Su, a Chinese national, received a nearly four-year prison sentence for laundering over $36.9 million…
JPMorgan’s Dimon Tells Coinbase’s Armstrong to Stop “Lying” About Crypto Bill
Key Takeaways: JPMorgan Chase CEO Jamie Dimon accused Coinbase CEO Brian Armstrong of misrepresenting banks’ role in opposing…
Tether Profit Dips 23% in 2025, Yet Sets Record with $122B in Treasury Holdings
Key Takeaways: Tether’s profit for 2025 fell by 23% to just over $10 billion, reflecting a decline from…
CZ Pushes Back on Claims Binance Triggered Historic $19B Crypto Liquidations
Key Takeaways: Changpeng Zhao, known as CZ, denies that Binance played a pivotal role in the $19 billion…