BlockBeats news, on April 23, Yi Lihua, founder of Liquid Capital (formerly LD Capital), posted on social media:
In the past, many crypto VCs and projects failed, and one core reason was that their funding was largely spent on building teams to develop useless Web3 products. The biggest misconception was benchmarking against Web2 products. In essence, Web3 is a financial industry and does not require replicating Web2 products. The most successful companies in the crypto industry to date have all been financial products—from stablecoins and exchanges to payment solutions.
With the arrival of the AI era, first, there’s no need for large-scale funding or big teams; second, AI + finance represents a new opportunity. We believe that an outstanding founder with just a few elite talents can build a top-tier company—this is currently the greatest opportunity in early-stage investing.