Li Hua Yi: The past wave of crypto VC and project demise stemmed from the mistaken benchmarking against Web2; AI + finance is a new opportunity

By: rootdata|2026/04/23 12:12:27

Liquid Capital founder Jack Yi stated on the X platform: "In the past, the wave of crypto VC and project disappearances had a core reason, which is that the financing funds were mostly consumed on: maintaining teams to develop useless web3 products. The biggest misconception is benchmarking against web2 products. Essentially, web3 is a financial industry and does not need to replicate web2 products. The most successful companies in the past crypto industry have all been financial products, from stablecoins and exchanges to successful companies in payments.

Now that the AI era has arrived, first, there is no need for large financing to recruit teams, and second, AI + finance presents new opportunities. We believe that excellent founders with a few elites can achieve top-tier companies, which is currently the biggest opportunity in primary investment."

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