Funding is not the finish line. It is the point where scrutiny steps up. Here is what happens after capital has been raised and expectations become sharper.
The US GAAP update changed how certain crypto assets appear in financial statements, moving them closer to fair value and bringing digital asset reporting further into the mainstream.
Growth can hide weak controls for a while. But when the business has to prove its own reality, clean books and discipline stop being admin, but an evidence that management is in control.