brypto

it’s corny/consensus to dunk on VCs at this point but it is fascinating to see the conspicuous silence on both social ai agents and hyperliquid which are clearly the two biggest recent stories in crypto, that also happen to share the common thread of the associated tokens having no private rounds or allocation

1) not industry changing 
2) products aren’t highly differentiated enough 
3) they’ll happily let all the newfound wealth be their LPs

you probably don’t think about liquidity enough // it is what it is  // build value, not valuation

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