How did Crypto VC end up losing money? Firstly, there is a rhythm of investment. Assuming a 4-year cycle, most of the money needs to be deployed within 2 years, and now the investment is basically completed. At this stage, not all projects have been released, except for the top projects, which cannot be released. In the subsequent release, the unlocking of profitable projects (mostly those listed on Binance in this round) was too poor. Many projects did not have TGE unlocking and had to wait for a year. The project team and MM had already given you the projects. Finally, on platforms like Bybit, Bitget, and Gate, there were basically stable losses. The better ones barely managed to get a share in the first installment and then returned to zero. Similarly, due to the pressure to list on Binance during fundraising, there were also investment issues. Combined, there may still be 2-3 times left on the balance sheet, but now only 30 yuan of the 100 yuan principal has been refunded. A simple arithmetic sum problem, assuming that junk VC coins drop by an average of 25% per month and have an average unlocking period of 24 months, how much money can be recovered from investing 200-300 yuan? You are a college student, please speak first. The lifestyle of VC Bros is to lay off employees to the fullest extent possible, and then to the last day when they can collect management fees. Don't pretend to be tough on North American VCs, it's just a matter of getting a thicker blood cushion, and it will soon be their turn.