2022 SEED STAGE RETROSPECTIVE BY LATTICE

Summary from the TLDR Crypto newsletter

The 2nd annual State of Seed report analyzed over 1,000 companies that raised seed rounds in 2022, tracking their progress in finding product-market fit, raising follow-on funding, and launching tokens. Key findings show that around 80% of these companies are still operational, though only 1% have reached product-market fit, highlighting the risks of investing at the end of a bull market.