Encrypted VC Internal Volume: Endless Hunger Game

Encrypted VC works everywhere.

Before joining Blockchain Week held in Shanghai, the biggest thought was that crypto VCs could move here and there, and it's a shame to mingle with an anonymous investment circle. .

In a cultural environment, whether it is the mining industry, trade or parties must adhere to the principle of "political correctness". stage; Second, this bull market has been around long enough that some people are getting enough capital, are easier to climb in the FOMO climate, and have made billions and hundreds of thousands of dollars claimed. Crypto Fund ", not to mention the origins of crypto. VCs. Share.

Discussions, parties, KOL, communities, media ... these are VCs.

1. Exchange service

This is not a good idea for funds as they use the name of the exchange to invest or set different goals, and some even act as LPs for other VCs.

For example, some exchanges have Ventures \ Labs \ Grants, all of which are available for investment and internal conditioning.

There is also a new type of VC where exchange workers can exit and build funds while at the same time managing the relationship with the exchange.

However, with the exception of most of the representatives from Binance Labs, the overall impact of exchange-based investments has diminished. Some of the best jobs don't require contact with a resource exchange early on.

Second, the project host

One way to grow in the crypto world is to print money (deposit coins) - become an online celebrity (intervention) - to invest.

Trust your project to get your hot spot first and then use it while becoming an internet enthusiast to increase your personal power and get more voice. Create your own income or invest directly in the name of the project.

Although some parties to the project raised a lot of money and used it directly for venture capital investments, make timely venture capital investments, make a profit in the livestock market and finally use the project online, makes another wave. Money for two goals.

Second, many large companies (except public channels) have developed their own eco-funds, and the profits are being announced one by one.

three, out of the circle

In the bear market, crypto is a scam and in a bull market, crypto is a revolution. Many VCs and traditional retirees favored by the cattle market have returned to the market and joined the scrolling game with FOMO thinking.

For example, when Sequoia Capital led the internal expansion, other US funds had to be captured, paid and sought.

Sequoia, on the other hand, has restructured its investment and eliminated the issues affecting direct investment in Crypto. Most VCs still have a design and can only be invested in large projects. There aren't many options for this, and most importantly, how to make good use of LP funds in the forex market still suffers from standard weight and inadequate skills.

Off the stage, strangers engage in more business than you might think. Large internet companies, venture capitalists, traditional sports companies, financial firms, and even media groups have expanded their finances with LP's story out of the cycle. ... no money can do it. To do.

Of course, not everyone is "sweet" when they openly say that we invest in Crypto. The truth is "You are investing in WEB3 \ Meta Universe \ Next Generation Internet."

In fact, many traditional elite-style VCs really look at crypto and see it as a bunch of scammers and fakes that escaped it. When this situation occurs in all walks of life, the impact of change often occurs through hiding places. This is also the description of WEB3.0. changes below. Weakness and ignorance are not barriers to survival, but pride.

People in the crypto industry will think VCs are still capable. The cattle market is coming and the bear market is running faster than anyone else. Shen Nanpeng is another Xu Xiaoping. (Bad Professor Xu became a meme in the crypto industry last year because of the words "the blockchain revolution is here")

In short, everyone prefers Crypto Native to the elite and the legal.

When Sequoia Capital (Global) changed their profile (marked as DAO) and tweeted "GM" everyone should have been a little nervous. young. On December 9th, Sequoia Capital (UK) changed their Twitter profile to their old "One Day Restoration" profile in history.

* The external representation of this circle is not very precise. For example, Sequoia, IDG, etc. are still seen as part of the circle, and IDG Capital can be seen as a leader in the industry. I will write it separately. Here is the difference.

VC's dilemma: rich, typeless

When VCs are everywhere, evolution is inevitable. Since everyone is rich, the gist of the question is: do you have anything other than money?

It is important that VCs are both parties, demonstrating the authority to provide all services. Some programs offer exchanges, some offer tens of millions of dollars programs to support TVL, some support writing, advertising and community service ... Life has turned into media and public relations.

Today, many VCs like to say "I have a deep incubation". .), in other words, the hatching standard is lower.

But for VCs, in my opinion, the brand is the bigger vehicle and the end of the conversation.

With money and unbranded, this is now a problem for many small and medium crypto VCs.

Now there is a consensus in the industry, and of course one can see good jobs with the conclusion that it is only foreign jobs.

Many companies discriminate against "government jobs" and some "government jobs" also discriminate against government capital.

For example, some companies in China first favored large investments abroad and allowed them to hold domestic capital, immediately giving value per term N, and some Chinese companies invest in domestic capital first. , then attract foreign investment. Domestic capital quota, "Who says you don't have enough strength level?" "

Therefore, the biggest challenge for VCs is how to define and support the top competitors with money. And how do you start your own global business?

There are qualifications to study LD Capital (LD Capital).

For some historical reasons, older people in the cycle often have a negative view of what is right. They are often associated with the "cut of green onions". In the past, VC rating boards have been around the circle because they are from celebrities. Overseas Community LobsterDAO blacklisted LD Capital.

In this case, it is absolutely true.

The procedure in question is as follows: This list was available from the start and no one knew where it came from until someone reported it to the LobsterDAO Telegram community. Although the definition is "encrypted VC names written by LobsterDAO", the community leader insisted that the names were not associated with LobsterDAO.

Whether or not to accept this list is very important.

I know a lot of people in the industry don't care about them and think they are foreign investors. You are lucky even if you win money ..., this year has received a lot of money and can be called a success.

If you look closely at the Portfolio, the range of some products is quite exaggerated. For example, Illuvium goes from $ 3 to $ 2000 and Star Altas goes from $ 0.00045 to $ 0.26. ; The Alien World, valued at 0.003, up to US $ 7 ... The book's revenue from various commissions is in the hundreds of millions of dollars.

So the question is: why is it so “famous” that you can vote for a featured project?

I once asked the venture capitalists and they gave a general answer. "Boss Yi has good role models, strong partners and a dedicated team."

To explain, designer Yi Lihua fully authorized to provide the following items with sufficient space and play area. Few of the participants are very strong, and most of the job is done well by hard work on their own. , a team working together on a project.

It's legitimate and accurate, but the key is taken by the super-person-like partner.

This is also a conflict for many VCs, in my opinion. When the VC finishes a measurement, the target should be blessed. Instead of seeking employment by increasing staff, the project is actively exploring VCs and making investing in these types of businesses easier and more convenient. In addition, the larger the instrument, the more tiring the marquee and the greater the internal volume.

Just as Tencent defined the company's role as "the most respected internet company" in 2005, executives who receive money with crypto should have a broader picture.

“If you make a lot of money and don't have a job in the world, everyone will see you as a money leader,” an industry expert said.

Dimensional reduction strike: big capital and its friends

The encrypted internal volume is the real world, two different levels, pieces of capital together.

Meanwhile, some small and medium VCs are fighting for tens of thousands of dollars, while the best VCs have left and right capital to narrow down the breadth of other crypto-VCs, which they also like. groups.

The Web3 communication model, a16z, captured the hearts of many stakeholders by writing little posts on Twitter to develop Web3.

If you want to understand Web3.0, check out the Future (the a16z media platform) on the a16z official website, and above all, if you want to know the ace of the Web3.0 project, go to the a16z Portfolio ..... This is the effect it wants to achieve, Web3 constantly has the right discourse at this time.

Paradigm, the most recent investment capital, is $ 2.5 billion, financially also very important, but the most dangerous of Paradigm is the initial research, innovation and leadership of the sphere that can end the freedom of new construction of space.

On November 25, Paradigm announced the appointment of Georgios as CTO. Technology.

Paradigm has the most theoretical resolution, Paradigm has the most advanced technology, and Paradigm has more capabilities. Thus the Paradigm can be transformed into magic. If you don't believe it, take a step-by-step check to see if Uniswap is sponsored in Paradigm. .

In the existing VC realm, Lightspeed and Sequoia have grown in step with the rocket in the cryptocurrency world, creating their own club.

This is another key feature of the VC crypto world. Capital groups have become more and more closed.

For example, each public chain ecosystem has its own circle of friendly VCs, and everyone generally sees that even in the Ethereum ecosystem, there are few entrepreneurs in the ecosystem, like Polkadot, Solana, etc. Company operations are also examined through key cycles.

The closures exist in the Terra ecosystem, which still belongs to Kwon Do and his friends, for example, Delphi Digital itself completes the design of the project and the development of the business model, other VCs cannot access it at all.

It's always thoughtful, but why not try a project with a 99% chance of making money?

Strong self-esteem.

The future of encrypted VCs

How to get back to the initial point and invest in a good project?

There are only two key points, one is to find a good project, and the other is to invest.

In the long run, crypto VCs will need to develop their own key protocols to support their mission.

Personally, some of the best strategies are to create highlights in the vertical lines.

You can't use all the time and you have to carefully focus on the special place which is always crowded, so as not to distract the website.

For example, Animoca, one of the biggest winners of the year, and Everest Ventures Group (EVG) after him, has been involved in sporting events for many years. World.

On the morning of December 9, Yat Siu, founder of Animoca Brands, announced the results of this year's Animoca on Twitter.

1. In the first nine months of 2021, the income from investments and digital assets reached approximately $ 529.6 million, and digital liquid assets (such as BTC, ETH, USDC), AXS, FLOW, etc. ) held more than $ 600 million. for

2. Digital assets associated with Animoca Brands' product portfolio and platform ecosystem (such as REVV, SAND, TOWER, GMEE and other business owner tokens) increased by approximately 2.9 billion dollars end of September 2021 to September 2021. Approximately 15.9 billion dollars in November 2021.

Multicoin Capital's performance mainly comes from level 1, where Solana and THORChain (I mean “change-chain L1”) are the most popular.

Second, embrace the change and push yourself forward. there is no enemy. It may be about time.

Under newcomer Jin Yong, Jinlun Fa Wang has been boxing for 16 years, but since he didn't use an ordinary card, he was defeated by Yang Guo in one fell swoop. It is smartphones, not their peers, that have hit camera brands like Kodak.

It's a time when everyone is new and everyone is VC.

Talk about some venture capital organizations and books you can think of.

Pay close attention to this organization because DoraFactory, a friend of crypto giant VC once said, “DoraFactory is better than ours at investing in good projects.

The reason is very simple. DoraFactory is sponsored by DoraHacks and has hosted hundreds of blockchain hackathons around the world. Featured projects like Matic all come from hackathons.

The contrast is that DoraHacks is the first nurse to oversee quality operations, help clients grow faster, and always stay one step ahead to better invest.

Entering a period of national upheaval in which new chains have been joined, hackathons have also become the center of important operations, and Gitcoin is owned by the Ethereum camp, so DoraFactory without a line occupies a very important position.

The second is the DAO VC or DAO of venture capital, which boils down to a combination of super-individuals who dismantle and dismantle existing VC models.

Although now it has not affected the traditional VC crypto industry, the technology of starting the wind and waves is starting to increase.

For example, Metacartel, DAO members include the founders of Aave, Nexus Mutual, Ocean Protocol and Axie Infinity, and have incubated Raible, Gelato Network and DAOHhaus.

Although investments and portfolios have focused on specialist operations, DAO-based venture capital funds may be better marketed and acquired on a global scale. promise.

There is still a long way to go, but the change is happening.