Data: 216 Projects Backed by Top 5 Crypto VCs Have Ceased Operations

According to RootData, 216 out of 993 unique projects backed by Coinbase Ventures, YZi Labs, Pantera Capital, a16z, and Paradigm have ceased operations, representing a 21.75% failure rate. Pantera Capital leads the group with a 24.76% shutdown rate, followed by Coinbase Ventures at 22.69%, a16z at 20.09%, Paradigm at 19.49%, and YZi Labs at 13.56%. Notably, 19.59% of a16z's lead-invested projects have shut down, including Linera and Universal, highlighting the persistent operational risks even for projects backed by top-tier firms.