When projects go wrong, the circle of friends begins to reflect: "Should we continue to do VC?"

But to be honest, the problem is not investing in the wrong project, but always investing in personas.

The pitch sounds fantastic, but a quick check on the chain reveals nothing, and when TGE opens, everyone is selling.

Everyone talks about long-term, but their hands are faster than anyone else's.

We only look at three things when assessing people:

Who is still releasing products

Who is still responding to messages

Who hasn't deleted their white paper

This industry lacks narratives, but it lacks founders who can survive the narrative vacuum and are still online.