Yi Li Hua: Web3 is essentially the financial industry, and comparing it to Web2 products is a "misconception" on the development path.

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Golden Finance reports that on April 23, Liquid Capital founder Jack Yi (Yi Lihua) posted on the X platform, stating: “In the past, the wave of crypto VC and project failures was partly due to a core reason, which is that the funding was mainly spent on developing useless Web3 products for the team. The biggest misconception is to benchmark Web2 products. Essentially, Web3 is a financial industry and does not need to repeatedly develop Web2 products. The most successful companies in the crypto industry in the past have all been financial products, from stablecoins, exchanges, to payment companies.”
“Now with the arrival of the AI era, firstly, large funding is no longer needed to recruit teams; secondly, AI + finance presents new opportunities. We believe that excellent founders with a few elites can build top-tier companies. This is currently the biggest opportunity for Series A investments.”

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