How are valuations doing in a bear market? - BTS of The Crypto Valley online Conference

Bear markets present unique challenges and opportunities for evaluating Web3 ventures. Peter Saddington shares insights from "The Crypto Valley" online conference, emphasizing the need for rigorous due diligence beyond hype-driven sectors like AI, where valuations can be inflated. He cautions against FOMO-based investments and advocates for a focus on the fundamentals. Saddington highlights the importance of assessing the operational capabilities of project teams. Investors should prioritize ventures with sound economics, a long-term vision, and prudent spending habits. Specifically, he suggests evaluating if the operators are fiscally conservative by creating the appropriate runway to survive the bear market. Ultimately, the ability of a team to persevere and adapt ("go real skinny") during downturns is a key indicator of its long-term viability.