PANews reported on April 14th that Tom Dunleavy, Head of Venture Capital at Varys Capital, wrote on the X platform that the crypto funding landscape has changed dramatically in the past six months. Crypto VCs no longer need to socialize frequently, write articles, host podcasts, or attend Spaces to acquire quality deals; all they need is funding. Deals have shifted from "dig-out" to "push-in," with inbound calls from projects that know you have money at record highs. Most VCs have either run out of funds, moved to Series A and beyond, or are currently raising funds but haven't succeeded. Deals that could be completed in two or three weeks now take two or three months. Companies with questionable business models or those chasing trends are almost impossible to secure seed or follow-on funding. Currently, there are fewer than 20 investment firms truly active in the Pre-Seed and Seed rounds. VCs can essentially pick and choose any deal they want and have more time for due diligence. Dunleavy believes 2025 and 2026 will be historically good years for those investment firms that persevere.