Whether it is traditional VC or crypto VC, they all follow the 80/20 rule. A large number of projects will fail, and they need to rely on 20% of successful projects to cover costs and gain profits

However, in the cryptocurrency circle, even if VC invests in good projects they don't make as much money as everyone imagines

A VC partner said that he had invested in a game project in the seed round, which had a good development momentum and later launched the T1 trading platform. Unexpectedly, before the Token was launched the project party asked to modify the contract, saying that it would meet the requirements of the exchange and extend the token lock-up period

Although the current book value is still floating profit it can't withstand the decline of the copycat. It has fallen by more than 80% from the highestpoint of the launch. When the token is unlocked in the future, what will the market look like? Everything is unknown. The partner complained that VC lock-ups are now stricter than A-shares and US stocks