TVP在早期比特币启动资金中揭示了767％的爆炸

周四，奥斯汀的Trammell Venture Partners（TVP）是一家早期的比特币风险投资公司，发表了第三份有关加密货币新兴风险投资景观的年度报告，揭示了“比特币 - 新币”预装前的交易中的767％增长。

Trammell Venture Partners (TVP), an early-stage Bitcoin venture capital firm based in Austin, Texas, was founded in 2016 and specializes in investing in startups operating in the domains of Bitcoin, Lightning, and Web3.

Trammell Venture Partners（TVP）是一家位于德克萨斯州奥斯汀市的早期比特币风险投资公司，成立于2016年，专门从事在比特币，Lightning和Web3领域运作的初创公司。

The firm is focused on investing in the seed stage, and its mission is to support the development of the next generation of Bitcoin-native companies.

该公司专注于在种子阶段进行投资，其使命是支持下一代比特币本地公司的发展。

On Thursday, TVP published its third annual report on the emerging venture capital landscape of Bitcoin, highlighting a substantial 767% surge in transactions for “Bitcoin-native” startups at the pre-seed stage.

周四，TVP发布了有关比特币新兴风险投资景观的第三份年度报告，强调了在预种植阶段的“比特币新兴”初创公司的交易中的767％激增。

The firm defines “Bitcoin-native” as a startup that is "founded with the first principle that bitcoin is the global monetary asset of the future and Internet-native digital cash." This category includes the majority of TVP's portfolio companies, such as Voltage, a startup concentrating on Lightning Network infrastructure, and Fedi, a company that launched a Bitcoin superapp encompassing chat, money, and numerous social features.

该公司将“比特币本地人”定义为“基于第一个原则，即比特币是未来的全球货币资产和互联网本地数字现金”。该类别包括TVP的大多数投资组合公司，例如电压，专注于闪电网络基础架构的初创公司，以及Fedi（Fedi）是一家公司，该公司推出了一家比特币SuperApp，涵盖聊天，金钱和众多社交功能。

According to TVP's research, by the end of 2024, the number of pre-seed venture transactions for such Bitcoin-native startups had increased sevenfold since 2021. During that same period, from 2021 to 2024, TVP’s analysis indicates that Bitcoin startups collectively raised approximately $1.2 billion.

根据TVP的研究，到2024年底，这种比特币本地初创企业的预播企业交易数量自2021年以来增加了7倍。在同一时期，从2021年到2024年，TVP的分析表明，比特币创业公司集体筹集了约120亿美元。

"Many entrepreneurs across crypto are pivoting to the Bitcoin stack as the long-term place to build their companies," noted Christopher Calicott, managing director at TVP. "It makes complete sense. The objectively most secure, reliable, and decentralized blockchain is the obvious platform of choice," he added.

TVP董事总经理克里斯托弗·卡利科特（Christopher Calicott）指出：“整个加密货币的许多企业家都将比特币堆栈枢纽作为建立公司的长期地点。”他补充说：“这是完全有道理的。客观上最安全，最可靠和分散的区块链是明显的选择平台。”

Bitcoin.com contacted TVP to inquire about the methodology used to arrive at the 767% increase figure, but Calicott responded that the raw data was proprietary to TVP and not yet disclosed.

Bitcoin.com联系了TVP，以询问用于达到767％数字的方法，但Calicott回答说，原始数据是TVP的专有，尚未透露。

"We haven't been releasing the raw data from our data set, other than in summary statistics. So, for example, we're not yet disclosing the names of the companies that were funded in 2024 or the full breakdown of the transaction types (e.g., Series A, Series B, etc.). We'll be sharing more of that in future reports," Calicott disclosed.

“除了摘要统计数据外，我们还没有从数据集中释放原始数据。因此，例如，我们尚未披露2024年资助的公司的名称或交易类型的完整故障（例如，Serip A，Series B等）。我们将在以后的报告中分享更多的公司，” Calicott披露。”

The report from TVP showcases several other interesting trends in the Bitcoin startup landscape. For instance, total funding in 2024 dropped by 22.1% to $234 million, the lowest capital raised in the 2021-2024 timeframe. However, 2024 saw the total number of startups funded and pre-seed transactions rise by 27.5% and 50%, respectively. Among the various stages, Series A transaction count experienced the largest surge, increasing by 60% in 2024.

TVP的报告展示了比特币初创企业景观中其他一些有趣的趋势。例如，2024年的总资金下降了22.1％，至2.34亿美元，这是2021 - 2024年期间筹集的最低资金。但是，2024年的初创公司总数分别增加了27.5％和50％。在各个阶段中，A系列交易数量经历了最大的激增，2024年增加了60％。

Among the various charts compiled by TVP, one that stands out starkly highlights the small size of the Bitcoin-native venture capital investment landscape in comparison to the broader non- BTC crypto ecosystem. Despite Bitcoin's 63% dominance of the total cryptocurrency market capitalization, TVP's data indicates that the leading digital asset obtained only a paltry 2.34% of all crypto venture dollars invested. Is the glass only 2.34% full or 97.66% empty? Calicott suggests it's the former.

在TVP汇编的各种图表中，与更广泛的非BTC加密生态系统相比，比特币本地风险投资投资格局的尺寸很小。尽管比特币在总加密货币市值中占63％，但TVP的数据表明，领先的数字资产仅获得了所有加密风险投资的2.34％。玻璃只有2.34％已满还是97.66％空？卡利科特（Calicott）暗示这是前者。

"As this wave of early-stage companies gains traction, we'll see increasingly large amounts of crypto value accrue to the Bitcoin stack—a core thesis that drives investing at Trammell Venture Partners," Calicott stated.

卡利科特说：“随着早期公司的这一浪潮获得吸引力，我们将看到比特币堆栈的加密价值越来越大，这是一个核心论点，它推动了对特拉姆尔风险投资伙伴进行投资的核心论点。”