Gate News message, April 23 — Jack Yi, founder of Liquid Capital, shared on X that past crypto VC and project failures were largely driven by teams wasting capital developing unnecessary Web3 products by incorrectly benchmarking against Web2. Yi argued that Web3 is fundamentally a financial industry and should not replicate Web2 products. He noted that the most successful crypto enterprises—stablecoins, exchanges, and payment solutions—have been financial products.
Yi believes the AI era presents a new opportunity: projects no longer require massive funding to build large teams. AI combined with finance represents the current frontier, where elite founders with small teams of experts can build world-class companies. According to Yi, this dynamic represents the largest opportunity for Series A investors today.
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