When Project One runs into problems, the circle of friends starts to reflect, 'Should we continue to do VC?'

But to be honest, the issue isn't that we invested in the wrong project, but rather that we've been investing in personas all along.

Pitches sound spectacular, but a quick check on the blockchain reveals little, and once TGE starts, everyone is just selling.

Everyone talks about long-term, but their hands are quicker than anyone else's.

When we look at people, we focus on three things:

Who is still launching products

Who is still responding to messages

Who hasn't deleted their white paper

This industry is not lacking in narratives; what it lacks are founders who can survive the narrative vacuum and are still online.