Venture capital’s cash stockpile swells amid slowdown

Cryptocurrency and blockchain-focused venture firms, in particular, are sitting on mountains of cash
Cryptocurrency and blockchain-focused venture firms, in particular, are sitting on mountains of cash
Venture-capital firms are sitting on a record cash pile. Their so-called dry powder—money raised but not deployed—has increased by more than $100 billion worldwide since the end of last year, reaching almost $539 billion in July, according to data firm Preqin Ltd.