Crypto growth equity returns hinge on entry price as Tapiero warns against steep revenue multiples

Paying too much for equity in crypto businesses can undermine returns even as the industry grows, according to Dan Tapiero. The 50T Funds CEO and CIO said selecting established businesses at reasonable revenue multiples is central to generating long-term returns and surviving sharp market declines. In a November 12 interview with The Rollup, Tapiero outlined an investment approach focused on mature private companies, with entry valuations and due diligence shaping investment decisions. Tapiero said the fund seeks businesses that have emerged successfully from venture funding and generate at least $50 million to $100 million in revenue.