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

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Deep Tide TechFlow News: On April 23, JackYi, founder of Liquid Capital, posted on the X platform, saying: “In the past, amid the wave of crypto VC and project failures, one of the core reasons is that financing funds were basically used up on hiring teams to develop pointless Web3 products. The biggest misunderstanding is benchmarking against Web2 products. In essence, Web3 is a financial industry, and there’s no need to redundantly develop Web2 products. In the past, the most successful companies in the crypto industry were financial products—stablecoins, exchanges, payment, and other successful enterprises were also the same. Now that the AI era has arrived, first, there is no need for large rounds to raise money to build teams; second, AI + finance is in a new window of opportunity. We believe that with excellent founders plus a few elites, they can create top-tier companies. This is currently the biggest opportunity for first-tier investment.”

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