Cash News
We started seeing carelessness coming in the space again with a lot of so called crypto A I companies again raising $100 million valuation based on the needs of granting or narrative. Now, when I went to Singapore, I was like so many different chains and product, who are the backers funders behind them and then two years into it, three years into it, they don’t even have their test product, forget about having customers, right? They don’t even have the product market set, but they have really cool parties and those parties are super loud. They are definitely not there for you to talk to a network or something. So I just posed a question, I’m like, who is buying whom? And where is the money coming from? And like, have we not really learned anything from our own mistakes? Because if I’m a founder and somebody is ready to give me a $500 million valuation, I’ll take it. It’s up to you. You’re supposed to be the smart one. The VC is supposed to be the smart one to figure it out, right?