Recently, many people have asked me what VC is, so I’ll just explain it systematically. Simply put, a VC project is a venture capital project. In other words, someone is optimistic about a particular startup or technological direction, pours money into it in exchange for equity or returns—betting that these companies can grow quickly. These types of projects usually target areas like technological innovation and emerging startups; they have great potential, but the risks aren’t small either.

Now the question is: I’ve noticed that the way many VC projects play today has kind of changed for the worse. They treat getting listed on a major exchange as their only goal, as if just being on an exchange means success. To be honest, this logic is flawed. As investors, we can’t change the strategies of the project teams, but we can change ourselves.

This brings us back to a core question—what do you really understand about what VC is, and about each individual project? My advice is that you must expand your knowledge reserves. Don’t blindly follow the trend, and don’t buy just because other people are buying. The best approach is to find a few reliable analysts or big-name influencers, read their articles seriously, and learn something from them. Then, based on your own risk tolerance, find a track that fits you and slowly build your own investment framework.

This is what should be done after the Bitcoin era. Just like the four letters DYOR say—Do Your Own Research. Walk your own path, do the right things, and don’t get harvested.