{"id":342624,"date":"2021-09-22T12:41:51","date_gmt":"2021-09-22T09:41:51","guid":{"rendered":"https:\/\/en.buradabiliyorum.com\/10-of-early-stage-startups-working-on-blockchain-gser-2021\/"},"modified":"2021-09-22T12:41:51","modified_gmt":"2021-09-22T09:41:51","slug":"10-of-early-stage-startups-working-on-blockchain-gser-2021","status":"publish","type":"post","link":"https:\/\/buradabiliyorum.com\/en\/10-of-early-stage-startups-working-on-blockchain-gser-2021\/","title":{"rendered":"# 10% of early-stage startups working on blockchain: GSER 2021"},"content":{"rendered":"

“# 10% of early-stage startups working on blockchain: GSER 2021 <\/strong>”<\/p>\n

With venture capital funding seemingly prioritizing emerging technology<\/a>, the blockchain industry experiences a significant influx of capital from corporate backers.<\/p>\n

According to the Global Startup Ecosystem Report 2021 published on Wednesday, blockchain-based businesses account for 10% of startups worldwide.<\/p>\n

The figure is part of a more significant trend that has seen emerging technology become a fast-growing sub-sector in terms of early-stage funding. <\/p>\n

The report divides startups into growing, matured and declining sub-sectors. Unsurprisingly, blockchain technology is in the first group, where the average growth rate is 107%, along with agriculture technology (agtech) and new food, advanced manufacturing and robotics, artificial intelligence (AI) and big data, and fintech.<\/p>\n

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According to the report, blockchain is the second-fastest-growing sub-sector in terms of early-stage funding, with a 121% growth over the last five years. Exits among early-stage blockchain startups also grew by 52% within the same period.<\/p>\n

Silicon Valley remains a leading source of blockchain funding, with investors like Andreessen Horowitz regularly among the pool of backers for decentralized ledger technology startups. <\/p>\n

With blockchain among the major destination for early-stage VC funding, it is perhaps unsurprising to see Silicon Valley at the top of the ecosystem value creation rankings according to the report.<\/p>\n

The Global Startup Ecosystem Report used survey data from more than 10,000 startup executives globally, its methodology page explains.<\/p>\n

Related: <\/em><\/strong>VC funds bullish on crypto, increase investment in blockchain startups<\/em><\/strong><\/p>\n

While the GSER focuses on early-stage backing for startups, the report’s details are in keeping with the established bullish trend for blockchain among venture capital funds.\u00a0<\/p>\n

In April, Cointelegraph Consulting reported that VC firms had invested over $16 billion in blockchain equity since 2012. <\/p>\n

In Q1 alone, VC firms invested about $2.6 billion in crypto and blockchain startups, a figure $300 million north of the total corporate investment in the sector for the whole of 2020.<\/p>\n

The scale of the investment funds flowing into the blockchain space also serves as a counterargument to criticisms against the value proposition of the emerging technology.<\/p>\n

With crypto and blockchain often drawing negative attention from policymakers, these multi-million investments could be vital in promoting the industry.<\/p>\n