About VC:
- All VCs with a normal rhythm in the last cycle have made money
- These VCs have expanded their fund size by 3-10 times in this cycle and raised funds again, resulting in too much money on hand
- However, there are not enough good projects, but they must be spent, so projects with a little bit of appeal will increase rounds of financing to raise valuations and get money they don’t need
- Old projects that were dead three years ago can also come out and get a new round of VC financing