Recently, someone asked me what exactly a VC project is, and I realized that many newcomers are still a bit fuzzy on this concept. Simply put, a VC project is a venture capital project, called Venture Capital in English, which means investing money into startups or technological innovation projects with high growth potential in exchange for equity or profits. It sounds impressive, but essentially, it’s a game of high risk and high reward.

So what’s the current problem? Many VC projects see listing on a major exchange as their only goal, and that logic itself is flawed. As investors, we can’t change the project team’s strategy, but what we can change is ourselves.

My straightforward advice: expand your knowledge base, and carefully research every project. Don’t follow the crowd, don’t buy what others are buying just because they are. Instead of blindly chasing trends, find a few reputable influencers, see how they analyze projects, and learn something from them. Most importantly, find a track that suits you, and gradually build your own investment framework and logic.

While understanding what VC means, it’s even more important to understand what DYOR — Do Your Own Research — is. These four letters clearly say: follow your own path and make the right decisions. That’s the attitude we should have in this era. Don’t get caught by the trap of being “harvested,” first arm yourself up.