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JackYi: The most successful companies in the crypto industry in the past were financial products.

MeNews
ME News, April 23 (UTC+8), Liquid Capital founder JackYi tweeted, "In the past wave of crypto VC and project failures, one core reason is that the raised funds were basically consumed on: maintaining a team to develop useless Web3 products, with the biggest misconception being benchmarking against Web2 products. In essence, Web3 is a financial industry, so there is no need to repeatedly develop Web2 products. The most successful companies in the crypto industry in the past have been financial products, from stablecoins, exchanges, to payment services, all successful enterprises. Now that the AI era has arrived, first, there is no need for large funding to hire teams; second, AI + finance presents new opportunities. We believe that excellent founders with a few elites can create top-tier companies. This is currently the biggest opportunity for primary investment." (Source: Foresight News)
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