As private investors withhold seed funding from blockchain enterprises, venture capital firms armed with public funds are filling the void.
Securing seed money for blockchain startups is a tricky business in normal times, but with a pandemic raging, it’s really touch-and-go. Private investors have been walking away from startup deals lately, looking to conserve working capital in uncertain economic times. But fortuitously, governments and government-like entities have been rushing in to fill the gaps.
Source:
https://cointelegraph.com/news/public-vc-funding-stopgap-or-future-solution-for-blockchain-startups