The crypto difference between West and East,best VC,future trends and elite investors gave me a lesson.
A few days ago, I was so excited and busy that I couldn't concentrate on reading and writing the Newsletter. Fortunately, now I have some free time and can finish the "work". My Newsletter update time has changed from once a day, once a week and once a month. But I promise, I won't make it annual.Here we go~
tl;dr:
1. The difference between West and East in Crypto.
2. The best Crypto VC
3. New trends will explode
4. Elite investors and utilization of resources
1.
It's amazing that we don't see many projects going well in this bull market. If I remember correctly, the only projects going well in the last bull market to now are VET and LRC, and these two are overseas projects that are doing well,no more.Other projects are fading away.But many other projects doing well like Chainlink,Kyber and Banocr,even ath.DeFi and NFT have more gap.
In addition, as a practitioner, I fully appreciate the differences in environment and talents between China and the United States. Take the media as an example. Messari’s employees have quantitative engineers from BlockRock. At the same time, The Block bought 100% of its previous financing shares not long ago, but in China, you can’t even find outstanding graduates (not to mention from better one) join the media in the industry and even companies in other industries. Because of everyone's prejudice against the industry. At the same time, the demand for employment in the industry is also great, but I personally feel that there are not many outstanding newcomers joining the industry in this bull market.
At the same time, you can also find various VC, writers and big brain talking about Crypto, Defi and NFT on Twitter\Clubshouse. This is something that few people in China are talking about. I don't know if it's correct to say that they are "噤若寒蝉",which means even cicada don't ring.
I have been thinking about the environmental differences recently. However, in the end, I found that this is actually a common problem, not only in the crypto, but also in many other fields, which has a great correlation with the political and cultural environment. I also recommend Mable and Yang Mingdao's 51% to learn more about the differences, which are better described from the perspective of VC,project and culture sides.
EP.19 [CN] - Mindao Yang:一位加密投资老兵的DeFi创业之路 / A Crypto Investment Veteran's DeFi Entrepreneurship
2.
After talking about the differences,then I can give an example. For example, only IOSG and Dragonfly did a good job this round in China. The two VCs in the crypto that I recognize best are Paradigm and Placeholder. The founders of these two are from Coinbase and Sequoia, and the other is USV and Ark. Both have traditional VC backgrounds. But what is commendable is that they are really exploring and helping the crypto develop in a very high level. Paradigm has governance minimization and amm research, and Placeholder has fat protocol and the original sin of token distribution.
I’m more inclined to VC to inform me of my philosophy. I try to understand that I can only buy on the basis of recognition. Otherwise, I will encounter the situation that hold blooding bags without the support of the thinking?
3.
Then the explode of Layer2, NFT platform and the prediction market (this may be a bit early) can all be expected. My thinking is kind of simple. The market needs to rely on VC funds and resources (media, thinking etc.) to drive the market forward. These two or three areas are also heavily participated by VCs. At the same time, because of the deepening of the concept of community participation, most projects nowadays will not only reward VCs. These three areas are all permissionless and are currently available for participation, so focus on them, actively participate, and wait for the market's response.
4.
Knowing your friends widely, knowing which friends specialize in which aspect, and asking for advice accurately when you have related problems,that's very "niubility".
I will have more time to do this better,even though I am kind of procrastination.Thanks for supporting~