"Self-Account: Three Years as a Crypto VC, Losing Tens of Millions in Blood and Tears" (Author BruceLLBlue) reviews his experience as a Crypto VC from August 2022 to July 2025. Over three years, he completed over 55 direct investments and allocated to 9 funds, of which 14 were rug pulls (about 25%), 28 resulted in losses (about 50%), and 15 went to zero; almost all NFT projects failed. He also points out that in the current cycle of "institutionalization" acceleration, the primary focus should be on hedging and liquidity management, with the core being the exit mechanism. Read the full article:
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"Self-Account: Three Years as a Crypto VC, Losing Tens of Millions in Blood and Tears" (Author BruceLLBlue) reviews his experience as a Crypto VC from August 2022 to July 2025. Over three years, he completed over 55 direct investments and allocated to 9 funds, of which 14 were rug pulls (about 25%), 28 resulted in losses (about 50%), and 15 went to zero; almost all NFT projects failed. He also points out that in the current cycle of "institutionalization" acceleration, the primary focus should be on hedging and liquidity management, with the core being the exit mechanism. Read the full article: