Yi Li Hua: The past wave of crypto VC and project failures stemmed from incorrect benchmarking against Web2; AI + finance is the new opportunity.

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Liquid Capital founder Jack Yi (Yi Lihua) posted on the X platform: “In the past, the wave of extinction of crypto VCs and projects was partly due to a core reason, which is that the funding was mainly spent on developing web3 products that serve no purpose. The biggest misconception is comparing web3 to web2 products. Essentially, web3 is a financial industry and does not need to repeatedly develop web2 products. The most successful companies in the crypto industry have all been financial products, from stablecoins, exchanges, to payment solutions.”

“Now with the arrival of the AI era, firstly, large funding is no longer needed to recruit teams; secondly, AI + finance presents new opportunities. We believe that an excellent founder with a few elites can build a top-tier company. This is currently the biggest opportunity for first-tier investments.”

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