🦂 The VC and the Founder 🐸

A founder was approached by a promising venture fund.

“Let me back you,” said the VC. “I just need you to keep doing what you're doing, and I'll help you to get across this early phase. We’ll both win big.”

The founder hesitated.

“You’ve cashed out the past 4 L2s and infra projects you’ve had in your portfolio via OTC. You lied about users, faked growth metrics, and jumped ship to a new raise every time the old companies TGE'd.”

The investor smiled.

“Come on. If I did that again, we’d both lose. You have a great product.. I need your skills, and you need money. I’m not like the other ones.”

The founder, against better judgment, agreed.

They signed the deal. Months later, before TGE even happened, the investor took the allo, cashed out via OTC, waited for TGE, pumped the valuation with an MM deal, and then shorter for max profits. The team and the founder speechless.

As the founder watched the collapse unfold, they asked,

“Why would you do this? You just ruined everything. Again.”

The founder shrugged:

“You knew who I was. It's how we all do things.”

Hyperliquid.