I now feel that VCs are not necessarily brave enough to organize on Solana
Because Solana is too fast
When a new hotspot appears, it will siphon off the old hotspots
Everyone quickly pours resources into old projects and rushes into new projects
So from the perspective of market cap and team profitability
The best strategy is to release the most goods at the peak of FOMO
So it’s roughly like a wave
If you look at the recent projects, there are almost no second phases
For example, in AI, as soon as there is a new AI, the old AI falls off a cliff
And on-chain VC projects must ensure their market cap is stable
But maintaining a stable market cap on Solana is too costly
So I am more inclined to think that VC-organized projects will be on EVM systems like BNB Chain or Base
Indeed, the natural buying power is very low
But this also means less selling pressure
In a certain sense
If a car is filled with insider funds, the stability might be the best
Also, the fact that a few major players inadvertently aligned on the Solana asset channel is a big issue
