Is VC the biggest murderer in this round of falling? Depth's talk about VC coin

Recently, VC coins with high FDV have become the subject of hot discussions. long people think that VCs with high FDV coin hurt the market. Retail investors have no choice but to participate in MEME coins. Brother Xiao only partially agrees with this kind of view. The part that agrees is that the coin of high FDV continues to affect the unit price of coin, resulting in Secondary Market dumb buying people not making money, which is very agreeable. But high FDV is designed by VCs, and they don't agree with it. Here's why:

1. The initial high FDV project is indeed due to the fact that some of the world's top VCs and project parties jointly started a low Circulating Supply. Slowly, other project parties learn.

2. The rise of this trend, except for the world's top VCs, is generally a victim. Including more than 95% of VCs, even the top VCs in China may also be victims.

3. Whether VC can make money in this game depends on whether VC can have the pricing power of the project. Institutions that can have the pricing power of high-quality projects need to have a full range of capabilities such as global-level accumulation capabilities, capital capabilities, and incubation capabilities (market capabilities, brand capabilities, and economic model capabilities). There are no more than ten institutions in the world that have these capabilities at the same time, and there are k VC funds on the market.

4. It is very long that the pricing power of the project is in the hands of the project party itself. In Bull Market, it's easy for a project to price itself Primary Market by Secondary Market leader the project's performance. Example: The rise of GameFi is due to the big pump of AXS. AXS's peak market capitalization of billions of dollars, a primary market project, if the game fundamentals and team fundamentals far exceed AXS, it is easy to get a valuation of more than $100 million, after all, even if such a valuation is still dozens of times higher than the ceiling project in the future, there is still dozens of times pumping shorts. If VC wants to invest in such a project, it can only compromise the valuation and unlock, which is no way to do it. When the hot track comes, the relationship between supply and demand is that the funds are much greater than the "high-quality projects". At this time, the "quality project" has pricing power.

5. Longing "quality projects" tell you 30% of TGE after 21 or 22 years of financing, then today, two years later, tell you that TGE has become 5%, and if you don't agree, you can get a refund. If you are a VC, how do you choose at this time? Agreed, you have to accept the huge changes in TGE, then it is likely that the opening will not be able to return to the capital. If you don't agree, then you will have to bear the time cost of the two-year funding. Or do you take the contract to sue the project? Bull Market such long things every day, as a VC, who would spend so much energy to sue a project party?! In the end, most VCs usually choose to agree to the terms of the project party.

7. Don't stand in line, just objectively analyze the causes of this matter for your reference. Supply and demand determine the price! The reason for the market falls is caused by everyone, and if the market does not accept it, the VC will change its strategy. The fittest survive, and the unfit are eliminated.